Adar Poonawalla has beaten Reliance and Saregama in the race to acquire major stake in Karan Johar's Dharma Productions. As per an announcement by the Bollywood production house, Poonawalla's Serene Entertainment has bought 50% stake in Dharma for ₹1000 crore. Karan Johar will retain the remaining 50% ownership. (Also read: Amid Reliance, Saregama takeover reports, Karan Johar's Dharma Productions' Twitter bio grabs attention: ‘Owned by…’)
Build and grow
Talking about the partnership, Adar Poonawalla, 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.
It's about honoring our roots while embracing the future of global entertainment. Dharma's journey has been remarkable, and this collaboration opens up a world of possibilities for creating content that will resonate across borders and generations."
About Dharma Productions
{{/usCountry}}It's about honoring our roots while embracing the future of global entertainment. Dharma's journey has been remarkable, and this collaboration opens up a world of possibilities for creating content that will resonate across borders and generations."
About Dharma Productions
{{/usCountry}}Dharma Productions is one of India's leading film production and distribution companies, founded by Yash Johar in 1976 and now helmed by Karan Johar. With a legacy spanning over four decades, Dharma Productions has been at the forefront of the Indian film industry, producing critically acclaimed and commercially successful films. The company is known for films including Kuch Kuch Hota Hai, Kabhi Khushi Kabhhie Gham, and more. Their last few movies were Kill, Bad Newz Rocky Aur Rani Ki Prem Kahani, Brahmāstra: Part One – Shiva.
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