Reliance-Meta pact to lead India's AI growth, Investec says

Investec

27/10/2025 04:47

** Investec says Reliance Industries' RELI.NS $100 mln JV with Meta Platforms META.O a major step in India's AI-driven digital growth

** RELI announced the JV at its AGM on August 29

** Adds, JV a "strategic collaboration" that combines RELI's strong infra, digital network with META's AI expertise and will deliver affordable, secure and scalable AI services

** Avg rating from 34 analysts on RELI at "buy"; median PT is 1,680 rupees - data compiled by LSEG

** On the day, RELI climbs 2% to 1,480 rupees

** Benchmark Nifty 50 .NSEI up 0.5%

** YTD, stock up nearly 22% vs Nifty's 9.6% climb

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))