Adar Poonawalla Acquires 50% of Dharma Productions, To Invest Rs 1000 Crore

Mumbai: Adar Poonawalla's Serene Production has signed an agreement to invest Rs 1,000 crore in Karan Johar's Dharma Productions and Dharmatic Entertainment. As part of this deal, Serene Production has acquired a 50 per cent stake in both entities for the amount invested.

Adar Poonawalla Acquires 50% Stake In Dharma Productions

"I am delighted to have the opportunity to partner with one of the most iconic production houses in our nation, along with my friend Koran Johar We hope to build and grow Dharma and scale even greater heights in the years to come," said Adar Poonawalla in a statement released by Dharma Productions.

Karan Johar will retain a 50 percent stake in Dharma Productions and will continue to serve as the company's Executive Chairman, while Apoorva Mehta will remain the Chief Executive Officer.

"From its inception, Dharma Productions has been synonymous with heartfelt storytelling that captures the essence of Indian culture," Karan Johar said. 

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He spoke about his father, Yash Johar's, dream of making films that have a lasting impact, and said, "My father dreamed of creating films that would leave an Iasting 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 Dtiamia's legacy to new heights. This partnership represents a perfect blend of our emotional storytelling prowess and forward-thinking business strategies," he concluded while talking about the partnership.

Dharma Productions is renowned for films such as Kuch Kuch Hota Hai, Kabhi Khushi Kabhie Gham, Kill, Bad Newz, Rocky Aur Rani Ki Prem Kahani, Brahmastra: Part One - Shiva, among others.