Adar Poonawala-Dharma Productions: Adar Poonawala, owner of Serum Institute, a well-known company that manufactures Covid vaccine, has once again come into the news. Serum Institute CEO Adar Poonawala is now joining hands with the famous director and producer of the film industry, Karan Johar. It is reported that Adar Poonawala’s company Serene Productions is going to buy 50 percent stake in Dharma Productions Private Limited for Rs 1000 crore.
This news has come according to the report of economic portal Moneycontrol and it has been told that filmmaker Karan Johar will hold the remaining 50 percent stake in Dharma Productions and he will remain the executive chairman of the company. Along with this, Apoorva Mehta will continue as the Chief Executive Officer of the company.
Who is Adar Poonawala?
Adar Poonawala is best known for manufacturing the Covid vaccine in India through Serum Institute. During the Covid crisis, when everyone in the country was given the vaccine through Covishield, Adar Poonawala completely came into limelight.
Dharma Production started in 1997
Dharma Productions was started by Yash Johar in the year 1997 and after his death, his son Karan Johar took over the reins of the company in the year 2004. This film production company has produced many films like Kabhi Khushi Kabhi Gham, My Name is Khan, Kesari, Simmba, Dhadak, Yeh Jawaani Hai Deewani, Student of the Year, many of which have been blockbuster hits.
Karan Johar is a friend of Adar Poonawala
Sirin Productions and Dharma Productions, run by Adar Poonawala, will now jointly produce different types of content. According to the assessment of Adar Poonawala’s Sirin Productions, the valuation of Dharma Productions is Rs 2000 crore. In this context, Adar Poonawala has bought 50 percent share of Dharma Production for Rs 1000 crore. Karan Johar is a very close friend of Adar Poonawala and his wife Natasha Poonawala.
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