Adar Poonawalla acquires 50% stake in Karan Johar’s Dharma Productions for ₹1,000 crore
Acquiring Company
Business Standard
Acquired Company
Dharma Productions and Dharmatic Entertainment
IndiaMedia And EntertainmentMusicFilm ProductionDescription
In a groundbreaking move, Adar Poonawalla has acquired a 50% stake in Karan Johar's Dharma Productions and its digital arm, Dharmatic Entertainment, for ₹1,000 crore. This strategic partnership aims to reshape Indian cinema and global content, leveraging Poonawalla's leadership in the pharmaceutical industry and Johar's iconic film production house to explore new opportunities in the entertainment world.
Quick answer
Business Standard is acquiring Dharma Productions and Dharmatic Entertainment, announced October 22, 2024.
- How much did Business Standard pay for Dharma Productions and Dharmatic Entertainment?
- The deal value was not disclosed.
- Where are Business Standard and Dharma Productions and Dharmatic Entertainment based?
- Dharma Productions and Dharmatic Entertainment is based in India.
Source: Fundz verified event record.
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Frequently asked
Who acquired Dharma Productions and Dharmatic Entertainment?
Dharma Productions and Dharmatic Entertainment was acquired by Business Standard. The deal was reported on October 22, 2024. Business Standard is privately held.
When did Business Standard acquire Dharma Productions and Dharmatic Entertainment?
Business Standard's acquisition of Dharma Productions and Dharmatic Entertainment was reported on October 22, 2024. In a groundbreaking move, Adar Poonawalla has acquired a 50% stake in Karan Johar's Dharma Productions and its digital arm, Dharmatic Entertainment, for ₹1,000 crore. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Dharma Productions and Dharmatic Entertainment do?
Dharma Productions, founded in 1976 by Yash Johar, has been a powerhouse in Bollywood, producing some of India's most beloved films. Dharmatic Entertainment, launched in 2018, has also made its mark with web series, documentaries, and other digital content. It is privately held, operating in Media And Entertainment, and is based in India.
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