Reliance Industries aims to acquire a stake in Dharma Productions for media portfolio expansion.

Reliance Industries, led by Mukesh Ambani, is in talks to acquire a stake in Karan Johar's Dharma Productions, aiming to enhance its presence in India's content production market. Dharma Productions saw its revenue rise to Rs 1,040 crore in FY23, though net profit dropped by 59% due to increased expenses. The potential deal reflects Reliance's strategy to expand its media portfolio, which includes Jio Studios and Viacom18 Studios.

October 14, 2024
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