Karan Johar has finally opened up about selling a 50% stake in Dharma Productions . The stake was sold to Adar Poonawalla (Serum Institute of India's CEO) for ₹1,000 crore last month. On Friday, KJo and Adar Poonawalla sat down for a chat with producer Siddharth Roy Kapur.
During the discussion, Karan humorously remarked that he might rename the company to “Pharma Productions” or “ Kabhi Khushi Kabhie Serum .” Karan also called this partnership “a great marriage of two minds.” The filmmaker said, “I felt it was the best decision for us because it was coming together of somebody like-minded people, and also someone who possibly would allow me my creative vision and yet contribute so strongly to the growth by giving me his terrific business insight.
So, I thought it was a great marriage of two minds.” During an appearance on CNBC-TV18 Global Leadership Summit , Karan Johar added, “It (the partnership) really was not a big decision for us because when it came to partnering with Adar, it was just easy. It was like both Apoorva (Mehta, CEO of Dharma Productions) and I, who have built the company together, both (of us) knew that he was the best possible partnership for Dharma Productions and for where we want to take it.
” Karan Johar also talked about the journey of Dharma Productions. He said, “I have to say that, contrary to what people might know of or feel of Dharma productions, actually, it is a rather nascent company when it comes to multiple productio.