Serene Production's Rs 1,000 Crore Investment in Karan Johar's Dharma Productions

Adar Poonawalla's Serene Production invests Rs 1,000 crore for a 50% stake in Dharma Productions, partnering with Karan Johar to enhance its cinematic legacy. Karan Johar retains a 50% stake and remains Executive Chairman as they aim to elevate the production house's storytelling with this strategic collaboration.

In a landmark deal, Adar Poonawalla-led Serene Production has agreed to invest Rs 1,000 crore in Karan Johar's Dharma Productions and Dharmatic Entertainment. This significant investment grants Serene Production a 50 percent stake, marking a new chapter for the iconic film house.

Expressing his enthusiasm about the partnership, Adar Poonawalla stated, "I am delighted to partner with one of the most iconic production houses in our nation, alongside my friend Karan Johar. We hope to grow Dharma and reach even greater heights." Karan Johar retains a 50 percent stake and continues as Executive Chairman, with Apoorva Mehta remaining Chief Executive Officer.

Karan Johar, reflecting on the collaboration, highlighted the long-standing legacy of Dharma Productions. He connected this investment to fulfilling his father Yash Johar's dreams of impactful cinema, aiming to combine traditional storytelling with modern business strategies for greater success.

(With inputs from agencies.)