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.

Karan Johar’s Indian production powerhouse Dharma Productions has major new investment. The Koffee With Karan maker is selling 50% to its shares to Serene Productions, which is led by pharmaceutical tycoon Adar Poonawalla,

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

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,

Vaccine maker Serum Institute of India CEO Adar Poonawalla-led Serene Productions on Monday said it will pick 50 per cent stake in Karan Johar's Dharma Productions and

Karan Johar's Dharma Productions is known for producing some of Bollywood's most iconic and successful films. Recently, there has been speculation tha

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

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.

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-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;