Adar Poonawalla Buys 50% Stake In Karan Johar's Dharma Productions (Image-Instagram/karanjohar)
In a major development in the Hindi film industry, scion of pharma giant Serum Institute of India Adar Poonawalla bought 50 percent stakes in Karan Johar’s Dharma Productions. Reports have also said the deal is worth a whopping Rs 1000 crores. Adar Poonawalla has beaten Reliance and Saregama in the race to acquire a major stake in Karan Johar‘s production house.
As per the the official announcement by the production house, Poonawalla’s Serene Entertainment bought 50 percent stake at Dharma. Karan Johar will retain the remaining 50 percent ownership.
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Through this partnership, Karan will reprise his role as the Executive Chairman, who will look over the company’s creative vision while Adar Poonawalla will serve as the CEO and will be taking care of the strategic direction and operational excellence of the production house.
As per the official statement, the CEO of Dharma said, “I am delighted to have the opportunity to partner with one of the most iconic production houses in our nation, along with my friend Karan Johar. We hope to build and grow Dharma and scale even greater heights in the years to come.”
Commenting on the partnership, Karan Johar, Executive Chairman of Dharma, stated, “From its inception, Dharma Productions has been synonymous with heartfelt storytelling that captures the essence of Indian culture. My father dreamed of creating films that would leave a lasting impact, and I’ve dedicated my career to expanding that vision. Today, as we join forces with Adar, a close friend and an exceptional visionary and innovator, we’re poised to elevate Dharma’s legacy to new heights. This partnership represents a perfect blend of our emotional storytelling prowess and forward-thinking business strategies.”
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Dharma Productions is one of India’s leading film production and distribution companies, founded by Yash Johar in 1976 and later helmed by Karan Johar. With a legacy spanning over four decades, Dharma Productions has been at the forefront of the Hindi film industry, producing critically acclaimed and commercially successful films.
The production house is known for its various classics namely, Kuch Kuch Hota Hai, Kabhi Khushi Kabhie Gham, and more. Their last few movies were Kill, Bad Newz, Rocky Aur Rani Ki Prem Kahani, and Brahmāstra: Part One – Shiva.
