Business News LIVE Updates: Oct 21, 2024 – Adar Poonawalla acquires 50% stake in Karan Johar’s Dharma Productions
In a major business deal that has sent shockwaves through the industry, Adar Poonawalla, the CEO of Serum Institute of India, has acquired a 50% stake in Karan Johar’s Dharma Productions for a whopping ₹1000 crore. This move allows Johar to maintain creative control over the production house while bringing in Poonawalla’s expertise and resources.
The acquisition comes at a time when the entertainment industry is undergoing significant changes, with streaming platforms and digital content becoming increasingly popular. Poonawalla’s investment in Dharma Productions is seen as a strategic move to diversify his portfolio and tap into the booming entertainment sector.
This news has taken the business world by storm, with analysts and industry experts closely watching the implications of this deal. It is expected to have a ripple effect on the entertainment industry and could pave the way for more collaborations between business tycoons and film personalities.
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