Adar Poonawalla acquires 50 percent stake in Karan Johar's Dharma Productions
Mumbai/IBNS: Billionaire Adar Poonwalla has acquired a 50 percent stake in filmmaker Karan Johar's Dharma Productions, media reports said.
Poonawalla's Serene Entertainment has bought the stake at Rs. 1,000 crore.
Poonwalla said as quoted by Hindustan Times, "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."
Karan Johar, who is the Dharma Productions' executive chairman, 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. This partnership represents a perfect blend of our emotional storytelling prowess and forward-thinking business strategies."
Earlier it was reported that Reliance and Saregama were the frontrunners to acquire the 50 percent stake in Dharma Productions.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
'Our first star is gone': Family bids farewell to Sulakshana Pandit
Mumbai/IBNS: “She was the first star in our family,” wrote Durga Jasraj, daughter of the legendary Pandit Jasraj, remembering her cousin, actress-singer Sulakshana Pandit, who passed away in Mumbai on Thursday at the age of 71.
Shabana Azmi nearly quit Bollywood! The untold story of how Sulakshana Pandit saved her career
Mumbai/IBNS: Sulakshana Pandit, one of the front-ranking actresses and playback singers of 1970s Bollywood known for her graceful screen presence and soulful voice, passed away in Mumbai on Wednesday night after a prolonged illness. She was 71.
It’s a boy! Katrina Kaif and Vicky Kaushal welcome their first child
Mumbai/IBNS: Katrina Kaif and Vicky Kaushal have welcomed a baby boy, the Bollywood power couple announced on social media.
He said no — and she never married again! The sad love story of Sulakshana Pandit and Sanjeev Kumar
During the filming of the 1975 hit Uljhan, Sulakshana Pandit — the radiant star who ruled hearts in Bollywood’s changing era — lost hers to her leading man, Sanjeev Kumar. It was a love story that began on set but never found its ending.
Latest News
Trump-era directive flags diabetes, obesity as possible grounds for US visa denial
Teachers’ Council, IQAC and NCC Unit of MBB College organised an awareness programme on Vigilance Week
‘No one believes it was pilot’s fault’: Supreme Court tells father of Air India Dreamliner crash pilot
CM urges unity of Jati, Janajati for 'Ek Tripura, Srestha Tripura
