Athira Sethu
Bengaluru, 26 Feb 2026
Reliance Industries Limited has filed a notice with the stock exchanges that Reliance Enterprise Intelligence Limited is no longer a step-down wholly owned subsidiary following a fresh issue of shares. This notice was filed by Reliance Industries Limited in compliance with SEBI’s Regulation 30 disclosure requirements.
REIL made a fresh issue of equity shares to two investors – Reliance Intelligence Limited and Facebook Overseas Inc, which is a wholly owned subsidiary of Meta Platforms Inc. As a result of this fresh issue, the ownership structure of REIL has been altered, and Reliance Industries’ indirect shareholding has reduced from 100% to 70%.
The company has clarified that all necessary approvals have been received. It has also clarified that the transaction with Facebook Overseas Inc is not a related party transaction. The investment made by Reliance Intelligence Limited is a related party transaction, but it was made on an arm’s length basis. Reliance Industries has further clarified that none of its promoters or group companies have any personal interest in this transaction.
Share Allotment Details
| Particulars | Details |
| Total Shares Issued | 85,31,75,000 equity shares |
| Face Value per Share | ₹10 |
| Issue Price | At par |
Allotment Breakdown
| Investor | Shares Allotted | Investment Amount |
| Reliance Intelligence Limited | 59,66,22,500 | ₹596.6 crore |
| Facebook Overseas Inc | 25,65,52,500 | ₹256.6 crore |
| Total | 85,31,75,000 | ₹853.2 crore |
Post-Allotment Shareholding in REIL
| Shareholder | Ownership |
| Reliance Intelligence Limited | 70% |
| Facebook Overseas Inc | 30% |
Key Impact
| Before Allotment | After Allotment |
| REIL was a step-down wholly owned subsidiary | REIL is now a step-down subsidiary |
| 100% indirect holding by Reliance Industries | 70% indirect holding by Reliance Industries |
