Adar Poonawalla acquires 50% stake in Karan Johar's Dharma Productions for Rs 1000 Cr
Mumbai: Adar Poonawalla, billionaire CEO of Serum Institute of India (SII), has acquired a 50% stake in Karan Johar's Dharma Productions, one of the country's leading film production houses. The deal, valued at Rs 1000 crore, will see Poonawalla's Serene Production acquire a 50 percent stake in the production house, with Johar retaining the remaining 50 percent.
Talking about the partnership, Adar Poonawalla said, "I am delighted to have the opportunity to partner with one of the most iconic production houses in our nation, along with my friend Karan Johar. We hope to build and grow Dharma and scale even greater heights in the years to come."
Karan Johar, Executive Chairman of Dharma, emphasised that Dharma Productions has been synonymous with heartfelt storytelling that captures the essence of Indian culture. “My father dreamed of creating films that would leave a lasting impact, and I've dedicated my career to expanding that vision. Today, as we join forces with Adar, a close friend and an exceptional visionary and innovator, we're poised to elevate Dharma's legacy to new heights. This partnership represents a perfect blend of our emotional storytelling prowess and forward-thinking business strategies,” he said.
The prominent Bollywood producer and filmmaker also mentioned that this collaboration opens up new possibilities for creating content that resonates across borders and generations. Karan Johar will continue to serve as Executive Chairman and creative head, while Apoorva Mehta remains the CEO of Dharma Productions.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
PM instructs armed forces that response to every action by Pak should be more forceful: Govt sources
New Delhi, May 11 (PTI): There is a new normal in India's response to cross-border terrorism, with Prime Minister Narendra Modi instructing the armed forces that the country's response to every action by Pakistan should be more forceful, government sources said on Sunday.
Following Operation Sindoor, Prime Minister Modi told the armed forces that bullets must be responded to by artillery (Wahan se goli chalegi, toh yahan se gola chalega), the sources said.
They said Operation Sindoor is not concluded and there is a new normal in India's response to cross-border terrorism. The cost of cross-border terrorism will be raised, and Pakistan can't continue with terrorism while expecting cooperation in areas of its choosing.
They also said that India will never accept mediation in the Kashmir issue and the only matter to discuss is Pakistan returning the territory which is under its illegal occupation
Foreign Secretary Vikram Misri on Saturday evening announced that India and Pakistan reached an understanding to stop all firings and military actions on land, air and sea, with immediate effect, after four days of intense cross-border drone and missile strikes.
The development was first announced by US President Donald Trump, who claimed that the two countries had agreed to a "full and immediate ceasefire" after US mediation.
In a statement, US Secretary of State Marco Rubio said he was "pleased to announce the Governments of India and Pakistan have agreed to an immediate ceasefire and to start talks on a broad set of issues at a neutral site".
The only matter related to Kashmir to discuss is Pakistan returning territory under its illegal occupation, Government sources asserted on Sunday.
They made it clear that the Indus Waters Treaty will be in abeyance as long as terrorism sponsored by Pakistan against India continues.
Only talks with Pakistan will be through the Director General of Military Operations (DGMOs). There is no other issue to discuss, the sources said.
India's position after the May 7 strikes on terror infrastructure was that if Pakistan fires, India will respond more forcefully, they said, adding it was the Pakistani DGMO who reached out to the Indian DGMO on May 10 to de-escalate situation
After the Pahalgam attack, India had told countries that reached out to New Delhi it would hit terror infrastructure in Pakistan territories.
After the May 7 strikes, every Pakistani action was dealt with very firmly, the sources said.
