Karan Johar Sells 50% Stake in Dharma Productions to Adar Poonawalla in Rs 1,000 Crore Deal
In a landmark deal valued at Rs 1,000 crore, Adar Poonawalla, CEO of Serum Institute of India, has made a major investment in Karan Johar’s Dharma Productions and Dharmatic Entertainment through his company, Serene Production. Poonawalla has acquired a 50% stake in the iconic production house, with Karan Johar retaining the remaining 50%.
Karan Johar will continue to serve as Executive Chairman, while Apoorva Mehta will remain the Chief Executive Officer, ensuring the leadership structure remains intact. The collaboration between Serene Production and Dharma Productions is poised to reshape the Indian entertainment landscape, blending Dharma’s legacy of storytelling with Poonawalla’s strategic insights and resources.
With India’s entertainment industry undergoing rapid transformation, driven by increased digital access and demand for high-quality content across platforms, the alliance aims to elevate Dharma Productions to new heights. This partnership is expected to integrate cutting-edge technologies and innovative production methods to meet the evolving tastes of today’s audiences, both domestically and globally.
Expressing his enthusiasm for the deal, Adar Poonawalla said, “Partnering with Dharma Productions, a symbol of excellence in Indian cinema, is an incredible opportunity. I look forward to working closely with my friend Karan to take this legacy to the next level.”
Karan Johar said, “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.”
As the entertainment industry continues to evolve, this partnership signals a forward-thinking approach, pushing the boundaries of creative storytelling while maintaining Dharma’s emotional core. The union of Serene Production and Dharma Productions is expected to set new benchmarks for content creation and delivery in India’s rapidly expanding entertainment sector.
