Adar Poonawala-Dharma Productions: Vaccine King Adar Poonawala, who came into the limelight by making the coronavirus vaccine, is now preparing to enter the film industry. Serum Institute owner Adar Poonawala is going to buy a large stake in the company of Karan Johar, a well-known director and producer of the film industry. Adar Poonawala's company Serene Productions is going to buy a 50 percent stake in Karan Johar's Dharma Productions. This deal between Karan Johar and Adar Poonawala is going to be done for Rs 1000 crore. Adar Poonawala's Serene Productions has valued Dharma Productions at Rs 2000 crore.  

1000 crore deal  

Adar Poonawalla's Serene Productions is buying a 50% stake in Karan Johar's Dharma Production House for Rs 1000 crore. Dharma Productions, formed in 1976, has been looking for a big investor for the past few months. Before Poonawalla, he was in talks with Reliance Industries as well as music company Saregama. Talks with these companies did not work out regarding the valuation deal and Adar Poonawalla, popularly known as Vaccine King, won the deal. According to this deal, a 50% stake in Dharma Productions will remain with Karan Johar. He will remain the executive chairman of the company. Along with this, Apoorva Mehta will continue as the Chief Executive Officer of the company. Karan Johar and Adar Poonawalla's wife Natasha Poonawalla are good friends. 

Why are you investing in the film industry?  

 Taking this deal, Adar Poonawalla said that this partnership will make Dharma even more successful. This production house will be taken to new heights in the coming years. Adar Poonawalla took charge of Serum Institute of India in the year 2011. Since taking charge of the company, he has been continuously expanding his business. His company Serum Institute gained great fame by manufacturing the Corona vaccine Covishield.