Reliance Industries’ (RIL) wholly owned subsidiary -- Reliance Industrial Investments and Holdings (RIIHL) has invested in New Emerging World of Journalism (NEWJ). As initial tranche, RIIHL has subscribed to 30,000 Equity Shares and 125 Compulsory Convertible Debentures for total cash aggregating to Rs 1.03 crore and consequently NEWJ has become subsidiary of RIIHL and the Company.
NEWJ's business focus areas are production and curation of content for the emerging social and digital media ecosystem. Further, NEWJ will also be developing data enabled technology products which allow for integrated models of reporting and distribution.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
