Recently, Karan Johar sold a 50% stake in his banner Dharma Productions to vaccine maker Serum Institute of India CEO Adar Poonawalla-led Serene Productions, causing ripples on social media.
However, both Johar and Poonawalla put up a united front as they arrived and posed together at the star-studded Diwali bash of fashion designer Manish Malhotra.
Paparazzi accounts on Instagram shared videos of Karan Johar, Adar Poonawalla, and Dharma Productions CEO Apoorva Mehta arriving together at Manish Malhotra’s residence for the grand Diwali party.
While Johar wore a red sherwani, Poonawalla and Mehta twinned in black sherwanis. Actor Varun Dhawan, who was incidentally launched by Dharma Productions back in 2012, hugged and greeted the three of them as they entered. He even cracked up Poonawalla with a joke whispered in his ear.
The three leaders of Dharma Productions then posed together for the paparazzi, with Johar insisting that Poonawalla standss between him and Apoorva. Johar also guided Poonawalla on how to pose for the cameras one by one. The paparazzi then insisted Johar pose solo as well, and Poonawalla asked him to comply as he and Mehta left the frame.
For those unaware, Adar Poonawalla’s Serene Productions said it will pick 50 percent stake in Johar’s Dharma Productions and its digital wing Dharmatic Entertainment for Rs. 1,000 crore. Subsequently, Serene Productions will hold a 50 percent stake in Dharma, with Johar retaining the remaining 50 percent ownership. Adar Poonawalla’s investment values Dharma at Rs. 2,000 crore.
Adar Poonawalla-led Serene Productions has announced it is investing Rs 1,000 crore into filmmaker Karan Johar’s Dharma Productions and Dharmatic Entertainment for a 50% stake. While surprising, this investment just makes sense.@theSethu explains why:https://t.co/Epswakkcfu
— The Morning Context (@MorningContext) October 22, 2024
Commenting on the investment, Poonawalla said, “We hope to build and grow Dharma and scale even greater heights in the years to come.” On the investment by Serene Productions, Johar said, “This partnership represents a perfect blend of our emotional storytelling prowess and forward-thinking business strategies. It’s about honoring our roots while embracing the future of global entertainment.” Johar will now serve as the Executive Chairman at Dharma Productions.
See Also: Karan Johar’s Dharma Productions Lands ₹1,000 Crore Deal For 50% Stake With Serum Institute’s Adar Poonawala
