In a major business move that merges the worlds of Bollywood and pharma, Adar Poonawalla, CEO of Serum Institute of India, is set to acquire 50% of Dharma Productions, the renowned production house led by filmmaker Karan Johar. 🧬🎥
💸 Big Bucks on the Line
Poonawalla’s company, Serene Productions, will invest ₹1,000 crore ($119 million) in both Dharma Productions and its digital subsidiary Dharmatic Entertainment. This partnership values the entertainment powerhouse at a whopping ₹2,000 crore. 🚀💼
🎬 Power Duo in the Making
While Poonawalla brings the financial muscle, Karan Johar will retain his remaining 50% stake and continue as Executive Chairman. With a balance of storytelling genius and forward-thinking strategies, this partnership aims to take Dharma to new heights in global entertainment. 🌍✨
Apoorva Mehta, Dharma’s CEO, will work alongside Johar to guide the company’s strategic direction and ensure smooth operations. 🏗️🎥
Johar expressed his excitement:
“This partnership is about honoring our roots while embracing the future of global entertainment.” 🎬🌟