Karan Johar's 'Koffee with Karan' make Dharma Productions is selling a 50% stake to Adar Poonawalla's Serene Productions for around $120M.

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

The statement said, “Through this investment, Serene Productions will hold a 50% stake in Dharma, with Karan Johar retaining the remaining 50% ownership.”

In an important collaboration for the Indian entertainment sector, Adar Poonawalla's Serene Productions will pay Rs 1,000 crore to purchase a 50 per cent share in Karan Johar's Dharma Productions and Dharmatic Entertainment. Apoorva Mehta will continue as CEO, and Johar will keep the remaining stake and serve as Executive Chairman.

Adar Poonawalla-led Serene Productions has acquired a stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment (Dharma) for ₹1,000 crore. Serene Productions will hold a 50% stake in Dharma, with Karan Johar retaining the remaining ownership.

Serene Productions, led by CEO Adar Poonawalla, is acquiring a 50% stake in Karan Johar's Dharma Productions for Rs 1,000 crore. The partnership aims to blend emotional storytelling with innovative business strategies and leverage advanced technologies for content creation and audience engagement.

Serene Productions, led by Adar Poonawalla, has partnered with Karan Johar’s Dharma Productions, investing over Rs 1,000 crore for a 50% stake.

Since last few days speculations were doing rounds that Karan Johar's Dharma Productions is in loss and he is looking to sell some of his stakes to Mukesh Ambani led Reliance indu

Adar Poonawalla-led Serene Productions will buy a 50% stake in filmmaker Karan Johar's Dharma Productions for 10 billion rupees ($119 million), the latter said on Monday. ($1 = 84.0640 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru;

Adar Poonawalla led Serene Productions today announced that it has entered into a binding agreement to invest INR 1,000 crore into Karan Johar’s Dharma Productions and Dharmatic Entertainment (collectively,