Karan Johar’s Dharma Productions Sells 50 Per Cent Stake To Adar Poonawalla’s Serene Production
First Published: 21st October, 2024 17:36 IST
Serene Production has acquired a 50 per cent stake in Karan Johar's Dharma Productions and Dharmatic Entertainment, for Rs 1,000 crore
Adar Poonawalla-led Serene Production has entered into an agreement to invest Rs 1,000 crore in Karan Johar’s Dharma Productions and Dharmatic Entertainment.
Serene Production has acquired a 50 per cent stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment, for Rs 1,000 crore
“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 shared by Dharma Productions.
Karan Johar will retain a 50 per cent stake in Dharma productions. He will continue to remain as the company’s Executive Chairman and Apoorva Mehta will remain as the Chief Executive Officer.
Karan Johar, Executive Chairman of Dharma, shared his insight about the partnership,” From its inception, Dharma Productions has been synonymous with heartfelt storytelling that captures the essence of Indian culture.”
He talked about his father Yash Johar’s dream of making movies with long-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 known for films like ‘Kuch Kuch Hota Hai’, ‘Kabhi Khushi Kabhhie Gham’, ‘Kill’, ‘Bad Newz’, ‘Rocky Aur Rani Ki Prem Kahani’, ‘Brahmastra: Part One – Shiva’, and many more. (ANI)
COMMENTS
TOPMOST STORY NOW
Live Manipur: Fresh Drone Bomb Attacks Reported from Kangchup Hills in Imphal West
15th January 2025
Live CM N. Biren Chairs High-Level Meeting to Address Loktak Lake’s Preservation Challenges
15th January 2025
Live Alliance Air Caps Fares to Manipur at Rs 5000 a Ticket, CM Biren Singh Hails Decision
15th January 2025
Live Guwahati Shocker: Man Killed by Friends After Party, 4 Arrested
15th January 2025
WE RECOMMEND
‘Karan Arjun’ to ‘Jab We Met’: Iconic Bollywood films that returned to cinemas in 2024
From the emotional drama of 'Karan Arjun' to the gripping tale of 'Tumbbad,' here are some memorable films that made their way back to cinemas this year
30th December 2024
Sandhya Theatre incident: Allu Arjun expresses ‘concern’ over injured boy, promises to provide help
Taking to X, he wrote, "I remain deeply concerned about young Sri Tej, who is under constant medical care after the unfortunate incident."
16th December 2024
“Unbelievable, heartbreaking”: Rashmika Mandanna reacts to Allu Arjun’s arrest
He siad that it is disheartening to see everything being blamed on a single individual
13th December 2024
Shah Rukh Khan announces Aryan Khan’s directorial debut series, says “It’s a unique narrative”
The series marks Aryan Khan's debut as both a creator and director.
19th November 2024
“I cry a lot in my bathroom..”: Shah Rukh Khan on dealing with failures and moving on
When asked if he is critical of his work sometimes, Shah Rukh candidly admitted, "Yes, I am. I hate feeling this way"
19th November 2024