Billionaire businessman Adar Poonawalla’s Serene Productions will invest 10 billion rupees ($119 million) in Indian producer Karan Johar’s Dharma Productions and Dharmatic Entertainment, the maker of blockbuster Bollywood movies.

A day after selling a 50% stake in his banner Dharma Productions to Adar Poonawalla, Karan Johar arrived with the businessman at a Diwali party.

India’s leading vaccine manufacturer, Adar Poonawalla, has purchased a 50 percent stake in Bollywood’s Dharma Productions, a prominent film production company known for popular movies.

A large chunk of the Rs 1,000 crore invested could be through fresh equity; Dharma was earlier in talks with Reliance and Saregama.

Business tycoon Adar Poonawalla has acquired a 50% stake in Karan Johar's Dharma Productions and Dharmatic Entertainment. The production house announced in a statement that the deal was finalised at Rs.

Karan Johar sells a stake in Dharma Productions to Adar Poonawalla, CEO of Serum Institute, marking a new chapter for the iconic film studio.

Filmmaker Karan Johar has sold a 50 percent stake in Dharma Productions to Adar Poonawalla, the chief executive officer of Serum Institute of India. The vaccine maker, who emerged as a beacon of hope during the Coronavirus pandemic,

Adar Poonawalla is making headlines for acquiring 50&#37 share of Karan Johar`s Dharma Productions. Considering Adar now owns 50&#37 of Dharma Productions, he is the co-owner of Karan Johar`s production house.