Close friend: Karan after Poonawalla invests ₹1,000 cr in Dharma Productions

Serum Institute of India's billionaire CEO Adar Poonawalla-led Serene Productions is buying a 50% stake in producer Karan Johar's Dharma Productions for ₹1,000 crore. Speaking on the deal, Karan Johar said, "Today...we join forces with Adar, a close friend and an exceptional visionary and innovator." Meanwhile, Adar said, "I am delighted to have the opportunity to partner...with my friend Karan."