Bollywood producer Karan Johar sells half of Dharma Productions to Serum Institute's CEO for $120 million.

Bollywood filmmaker Karan Johar sold a 50% stake in his production company, Dharma Productions, to Adar Poonawalla, CEO of Serum Institute, for Rs 1,000 crore. Johar, who felt "traumatized" by the financial jargon during the deal, will focus on creative aspects as Executive Chairman. Poonawalla's investment aims to bring fresh opportunities and expand Dharma Productions into a global studio.

November 15, 2024
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