The collaboration is likely to focus on content for OTT platforms, reflecting the sector’s rapid growth and the need to alleviate financial pressures, say experts

Adar Poonawalla's Serene Productions takes 50% stake in Karan Johar's Dharma Productions and Dharmatic Entertainment.

MUMBAI, (REUTERS) – Adar Poonawalla, CEO of vaccine maker Serum Institute of India, will buy a 50% stake in filmmaker Karan Johar’s Dharma Productions for 10 billion rupees ($119 million), the Bollywood studio said on October 21.

Taking the announcement to X, Dharma Productions, wrote, “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,

Karan Johar sells a 50% stake in Dharma Productions to Adar Poonawalla’s Serene Productions for Rs 1,000 crore, aiming to strengthen the production house amid industry challenges and expand creative opportunities.

This is not the first time that a corporate entity has invested in a film production company. A look at the past throws light on several such deals.

In a surprising turn of events, it is reported that filmmaker, Karan Johar sold 50 percent stakes in Dharma Productions to entrepreneur, Adar Poonawalla of the Serum Institute of India. Adar-led Serene Productions closed the agreement at Rs.

Adar Poonawalla acquires 50% stake in Karan Johar's Dharma Productions for ₹1000 crore, outpacing Reliance and Saregama.

Business tycoon Adar Poonawalla has acquired a 50% stake in Karan Johar's Dharma Productions and Dharmatic Entertainment (collectively known as Dharma). According to a press note released by Dharma Productions,

Adar Poonawalla, CEO of vaccine maker Serum Institute of India, will buy a 50% stake in filmmaker Karan Johar's Dharma Productions for 10 billion rupees ($119 million), the Bollywood studio said on Monday.