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What genre will Dharma's first major film post-acquisition be?
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Adar Poonawalla•Serene Productions•India•Covid•Serum Institute of India•Karan Johar•Dharma Productions•Dharmatic Entertainment•Poonawalla
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Serum Institute CEO Poonawalla Buys 50% of Karan Johar's Dharma Productions for ₹1,000 Crore
Oct 21, 2024, 05:56 AM
Adar Poonawalla's Serene Productions, led by the CEO of India's largest Covid vaccine-maker, Serum Institute of India, has entered into a binding agreement to invest ₹1,000 crore ($119 million) for a 50% stake in Karan Johar's Dharma Productions and Dharmatic Entertainment. The deal, confirmed by Karan Johar, values the production companies at ₹2,000 crore and marks Poonawalla's significant entry into India's entertainment industry. Karan Johar will retain the remaining 50% ownership.
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