MUMBAI, (REUTERS) – Adar Poonawalla, CEO of vaccine maker Serum Institute of India, will buy a 50% stake in filmmaker Karan Johar’s Dharma Productions for 10 billion rupees ($119 million), the Bollywood studio said on October 21.

After weeks of speculation, it has been officially confirmed that Adar Poonawalla has acquired a 50% stake in Karan Johar's Dharma Productions, including its

In a stock exchange filing, Saregama India said that the company “evaluates various strategic opportunities in the ordinary course for growth and expansion of its business but at this stage there is no material evidence”.

Adar Poonawalla-led Serene Productions will buy a 50% stake in filmmaker Karan Johar's Dharma Productions for 10 billion rupees ($119 million), the latter said on Monday. ($1 = 84.0640 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru;

Adar Poonawalla is making headlines as Serene Productions revealed a substantial investment of Rs 1,000 crore to acquire a 50% stake in Karan Johar's Dharma Productions and Dharmatic Entertainment. This strategic move aims to craft compelling content for a global audience.

Karan Johar's Dharma Productions enters a new era of global expansion with a investment from Adar Poonawalla's Serene Productions.

Amidst rumours floating around that Dharma Productions is going to undergo a buyout, it was announced on Monday that businessman Adar Poonawalla will be taking over 50 per cent stake in Karan Johar’s company.

Serum Institute of India CEO Adar Poonawalla has bought 50 per cent stake in filmmaker Karan Johar’s entertainment company Dharma Productions.