Dharma Productions' 50% stake sold to billionaire Adar Poonawalla

Billionaire Adar Poonawalla, CEO of Serum Institute of India, has acquired a 50% stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment for $120 million. This major deal, announced on October 21, values Johar’s iconic production company at $120 million. He will continue to hold the remaining 50% stake and will stay on as Executive Chairman, while Apoorva Mehta remains the Chief Executive Officer (CEO) of Dharma Productions.

Poonawalla, through his private firm Serene Productions, has made this investment to expand his portfolio into the entertainment industry. His entry comes after Dharma actively sought new partnerships and engaged in discussions with several major conglomerates, including Sanjiv Goenka’s Saregama, Reliance Industries, and Jio Cinema. Poonawalla’s financial backing is expected to give Dharma Productions the leverage to grow its reach, especially in creating content that appeals to digitally savvy consumers and global platforms.

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