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Karan Johar’s Dharma Gets $119 Million Boost from Adar Poonawalla


Karan Johar’s Dharma Gets 9 Million Boost from Adar Poonawalla


Pharmaceutical tycoon Adar Poonawalla’s Serene Productions is dispenseing $119 million in Indian media personality Karan Johar‘s Dharma Productions and Dharmatic Entertainment. The deal appreciates Dharma at $238 million and gives Serene Productions a 50% sget in the company.

Under the new structure, Johar will grasp 50% ownership and serve as executive chair, handleing the conceiveive straightforwardion. Asubparva Mehta will persist as CEO, managing strategic and opereasoned aspects of the business.

The partnership aims to leverage Dharma’s storytelling expertise with Poonawalla’s business acumen to broaden into huge-scale, multi-lingual productions, produce franchises, and increase traditional amengagement createats. The companies set up to cgo in on creating satisfied for global audiences apass various platcreates.

With revenues of $124 million for the 2022-23 financial year, Dharma is one of the top studios in India. It has existing deals with Netflix and Prime Video. The company’s recent commends comprise “Jigra,” “Kill” and “Rocky Aur Rani Kii Prem Kahaani.”

Poonawalla is a notable Indian businessman and the CEO of Serum Institute of India (SII), one of the world’s hugest vaccine manufacturers by volume. Under his directership, SII has carry outed a vital role in producing affordable vaccines for broadening countries. SII obtained meaningful global attention during the COVID-19 pandemic for its role in manufacturing the Oxford-AstraZeneca vaccine (comprehendn as Covishield in India). Poonawalla also serves as chair of financial services company Poonawalla Fincorp.

The deal finishs months of speculation around suitors for a sget in Dharma, with rumored names including RP-Sanjiv Goenka Group’s Saregama, billionaire Mukesh Amprohibiti’s Jio Studios, and the Adani Group.

Poonawalla shelp: “I am charmed to have the opportunity to partner with one of the most iconic production hoengages in our nation, aextfinished with my frifinish Karan Johar. We hope to produce and grow Dharma and scale even wonderfuler heights in the years to come.”

Johar inserted: “From its inception, Dharma Productions has been synonymous with heartfelt storytelling that apprehfinishs the essence of Indian culture. My overweighther dreamed of creating films that would depart a lasting impact, and I’ve pledgeted my nurtureer to broadening that vision. Today, as we combine forces with Adar, a seal frifinish and an exceptional visionary and innovator, we’re poised to lift Dharma’s legacy to new heights. This partnership recurrents a perfect blfinish of our emotional storytelling prowess and forward-leanking business strategies.”

Mehta shelp: “Over the years, I’ve witnessed Dharma’s alteration into a multi-faceted satisfied powerhoengage. This partnership with Adar genuineizes our vision and tags a new era where cinema, streaming, and global satisfied encounter. It helps us to dispenseigate new avenues in satisfied creation and distribution, elevating the Indian amengagement ecosystem. More cruciassociate, this dispensement permits us to get hugeger conceiveive steps.”

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