Adar Poonawalla Acquires 50% Stake in Dharma Productions for ₹1,000 Crore

Karan Johar retains creative control as Poonawalla's investment aims to expand digital content offerings.

Adar Poonawalla's Serene Productions has purchased a 50% stake in Karan Johar's Dharma Productions for ₹1,000 crore.
Karan Johar will continue as Executive Chairman, maintaining creative leadership of the company.
The partnership aims to leverage India's growing digital consumption by enhancing content creation for new platforms and formats.
Dharma Productions has been actively seeking investments, with Poonawalla's deal surpassing offers from Reliance and Saregama.
Despite a significant increase in revenue, Dharma's net profit fell due to rising expenses, highlighting the need for strategic financial backing.