Reliance invests in content startup NEWJ

Reliance Industries Limited (RIL), through its wholly owned subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL), has invested in New Emerging World of Journalism Private Limited (NEWJ), an early stage technology start-up with focus on production and curation of content for the emerging social and digital media ecosystem.

NEWJ, incorporated in India in January 2018, would be developing data-enabled technology products that allow for integrated models of reporting and distribution.

The aforesaid investment had potential synergies with digital services and communications initiatives of the company and its subsidiaries, RIL said in the filing, adding that the investment did not fall within related party transactions .