Karan Johar Says Adar Poonawalla Could Exit His 50% Dharma Stake After Several Years

Overview

• In a new conversation with Sarthak Ahuja, Johar called the partnership a diversification move and described Poonawalla as a lover of the arts despite being a businessman.
• He suggested an 8–10 year window for any eventual exit and said the returns might be modest yet sufficient for Poonawalla’s objectives.
• Dharma Productions sold 50% to the Serum Institute of India CEO in 2024 for about Rs 1,000 crore, covering Dharma and Dharmatic Entertainment.
• Johar acknowledged a gap between public fame and financial scale, saying his bank balance does not match the lifestyle people assume.
• He cited Excel Entertainment’s 30% deal with Universal Music and Bhansali’s tie-up with Saregama as examples of legacy studios seeking larger partners.