Karan Johar strikes gold: Dharma Productions sells 50% stake to Adar Poonawalla

Adar Poonawalla has outpaced Reliance and Saregama in the competition to secure a significant stake in Karan Johar's Dharma Productions. According to the announcement from the Bollywood production house, Poonawalla's Serene Entertainment has acquired a 50% stake in Dharma for ₹1000 crore, while Karan Johar will maintain ownership of the remaining 50%.

Adar Poonawalla expressed his excitement about the partnership, stating, ‘I’m thrilled to collaborate with one of the most iconic production houses in our country, alongside my friend Karan Johar. Together, we aim to grow Dharma and reach even greater heights in the coming years.’

Karan Johar, Executive Chairman of Dharma, shared his thoughts on the collaboration, saying, ‘Since its founding, Dharma Productions has been known for heartfelt storytelling that embodies Indian culture. My father envisioned creating films that would leave a lasting impression, and I’ve dedicated my career to realizing that dream. Today, as we partner with Adar, a dear friend and an outstanding visionary and innovator, we're ready to elevate Dharma's legacy to new levels. This partnership perfectly combines our emotional storytelling capabilities with 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,’ he added.

About Dharma Productions

Dharma Productions, one of India's premier film production and distribution companies, was founded by Yash Johar in 1976 and is now led by Karan Johar. With a legacy spanning over four decades, the company has been a trailblazer in the Indian film industry, producing both critically acclaimed and commercially successful films. Renowned for iconic hits like Kuch Kuch Hota Hai, Kabhi Khushi Kabhie Gham, and others, Dharma continues to shape the cinematic landscape. Their recent releases include Kill, Bad Newz, Rocky Aur Rani Ki Prem Kahani, and Brahmāstra: Part One – Shiva.

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