Pharmaceutical tycoon Adar Poonawalla’s Serene Productions is investing $119 million in Indian media personality Karan Johar’s Dharma Productions and Dharmatic Entertainment. The deal values Dharma at $238 million and gives Serene Productions a 50% stake in the company. Under the new structure, Johar will retain 50% ownership and serve as executive chair, overseeing the creative […]
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