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Adar Poonawalla Invests 1000 Crore In Karan Johar`s Dharma Productions
Updated on: 21 October, 2024 12:43 PM IST |Shweta Shah
Adar Poonawalla X Karan Johar: Businessman Buys Half Of Dharma Productions
One of the leading production houses in India, Dharma Productions, led by Karan Johar, has given us some phenomenally entertaining movies. While the filmmaker initially focused on producing movies, he also branched out into supporting web series and OTT releases through his venture, Dharmatic Entertainment.
Now, businessman Adar Poonawalla-led Serene Productions has invested Rs. 1000 crore by buying a 50 percent stake in Dharma Productions and Dharmatic Entertainment (collectively Dharma), India`s leading production house.
Through this investment, Serene Productions will hold a 50 percent stake, with Karan Johar retaining the rest of 50 percent ownership. The filmmaker will spearhead the company`s creative vision as the Executive Chairman, while Apoorva Mehta, the Chief Executive Officer of Dharma Productions, will oversee the operational excellence.
The collaboration aims to further transofrm content creation, distribution, and audience engagement by integrating advanced technologies and pioneering production methods.
Also Read: Reliance Industries in Talks to Acquire a Stake in Johar’s Dharma Productions
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."
One of the reasons Adar is investing in Johar`s Dharma Productions is the former`s wife Natasha Poonawalla`s relationship with the Rocky Aur Rani Kii Prem Kahaani director. The two are best of friends and often hang out together.
"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," he further added.
Also Read: Karan Johar’s Handbag Worth Rs. 73 Lakhs Turns Heads at Mumbai Airport
"It`s about honouring 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," Karan Johar concluded.
On the work front, Dharma Productions will be backing a couple of exciting movies like Dhadak 2 and Sunny Sanskari Ki Tulsi Kumar.
Now, businessman Adar Poonawalla-led Serene Productions has invested Rs. 1000 crore by buying a 50 percent stake in Dharma Productions and Dharmatic Entertainment (collectively Dharma), India`s leading production house.
Through this investment, Serene Productions will hold a 50 percent stake, with Karan Johar retaining the rest of 50 percent ownership. The filmmaker will spearhead the company`s creative vision as the Executive Chairman, while Apoorva Mehta, the Chief Executive Officer of Dharma Productions, will oversee the operational excellence.
Adar Poonawalla invests Rs. 1000 crore in Karan Johar`s Dharma Productions
The interesting collaboration between Serene Productions and Dharma is designed to capitalise on the opportunities of the latter`s legacy of storytelling with Poonawalla`s strategic acumen and resources.The collaboration aims to further transofrm content creation, distribution, and audience engagement by integrating advanced technologies and pioneering production methods.
Also Read: Reliance Industries in Talks to Acquire a Stake in Johar’s Dharma Productions
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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."
One of the reasons Adar is investing in Johar`s Dharma Productions is the former`s wife Natasha Poonawalla`s relationship with the Rocky Aur Rani Kii Prem Kahaani director. The two are best of friends and often hang out together.
Karan Johar on partnership with Adar Poonawalla
The filmmaker opened up about the exciting collaboration and shared, "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," he further added.
Also Read: Karan Johar’s Handbag Worth Rs. 73 Lakhs Turns Heads at Mumbai Airport
"It`s about honouring 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," Karan Johar concluded.
On the work front, Dharma Productions will be backing a couple of exciting movies like Dhadak 2 and Sunny Sanskari Ki Tulsi Kumar.
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