Reliance Industries block deal: BofA Securities buys 2.95 lakh shares for ₹44 crore; shares in focus

BofA Securities, through its affiliate BofA Securities Europe SA, bought 2,95,600 shares of Reliance Industries, as per the block deal data available on the National Stock Exchange (NSE).

BofA Securities Europe SA is a subsidiary of Bank of America Corporation.

The transaction was valued around ₹43.62 crore and was executed at an average price of ₹1,475.50 apiece.

Meanwhile, Hong Kong-based asset management firm Kadensa Capital, through its arm, the Kadensa Master Fund, offloaded an equal number of shares at the same price.

Shares of RIL ended 0.98% lower at ₹1,489.50 apiece on the NSE.

Reliance AI Investment

Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about $12-15 billion over the next few years on AI infrastructure that could include a giant 1 GW data centre, Morgan Stanley said in a report in October 2025.

Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships.

A new wholly-owned subsidiary, Reliance Intelligence, will spearhead the conglomerate's AI initiatives that will be centred around four pillars -- Infrastructure (building gigawatt-scale, AI-ready data centres), Partnerships (collaborating with global tech leaders to bring cutting-edge AI solutions to India), Services (developing AI-powered services tailored for Indian consumers, small businesses, and enterprises in sectors like education, healthcare, and agriculture) and Talent (investing in upskilling and nurturing India's AI workforce).

Reliance has re-invented itself every decade, and AI is set to reshape its equity story, Morgan Stanley said in the report.

Gen AI deployment enables large-scale capital deployment while unlocking value through synergies across energy, digital, consumer, and media verticals.

Last week, RIL announced a dedicated AI joint venture with Meta's subsidiary, Facebook Overseas, Inc., named Reliance Enterprise Intelligence Ltd (REIL). The partners have committed an initial investment of Rs 855 crore, with Reliance Intelligence holding a 70 per cent stake and Facebook Overseas holding 30%.

The venture will combine Meta's open-source Llama AI models with Reliance's business network to create and distribute enterprise AI services for Indian companies.

Reliance is also collaborating with Google to establish a dedicated cloud region in Jamnagar, combining Reliance's infrastructure capabilities with Google's AI and cloud technologies.