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Karan Johar has confirmed that Adar Poonawalla, the CEO of Serum Institute of India, will acquire half of Dharma Productions. It was known that Dharma Productions was seeking an investor, and several names were associated with the deal, including Sa Re Ga Ma India. However, Karan has now confirmed that Adar has decided to acquire a 50% stake in Dharma Productions. Adar will be investing Rs 1000 crore into Dharma Productions and Dharmatic Entertainment. Adar is making this investment in his personal capacity through Serene Productions. Karan Johar will retain the remaining 50% ownership and will continue as the creative leader of the company, taking on the role of Executive Chairman.

Dharma Productions has long been associated with heartfelt storytelling that captures the essence of Indian culture. The company's founder, Karan Johar's father, dreamed of creating films with a lasting impact, and Karan has dedicated his career to expanding that vision. Now, Dharma is joining forces with Adar, a close friend and exceptional visionary, to elevate the company's legacy to new heights. This partnership represents a harmonious blend of Dharma's emotional storytelling expertise and forward-thinking business strategies. It's about honoring Dharma's roots while embracing the future of global entertainment. Apoorva Mehta, the CEO of Dharma, states that this collaboration with Adar marks a new era where cinema, streaming, and global content converge, enabling the company to explore new avenues in content creation and distribution, and elevate the Indian entertainment ecosystem and Partners provided legal representation for Dharma Productions, while JSA offered legal counsel to Serene Productions.