Karan Johar known is one of the most popular film maker, producer, screenwriter in Bollywood. As per reports, Karan Johar is in talks with Gautam Adani’s Group to sell a 30% stake of his production company Dharma Production.
Dharma Production had closed a deal with Sounth industry’s reputed Lyca Productions which has several films, including Rajinikanth-Akshay Kumar starrer 2.0.
Karan Johar has been with Adani to sell 30% take in his production company, but recently there has been no development with the deal. A source revealed, “If all goes well, then Jio Studios would back Dharma Productions. The development happened after Karan Johar had a meeting with Mukesh Ambani, who owns two film entities – Jio Studios and Viacom18 Motion Pictures. The meeting seems to have been fruitful. It was felt by both that more than Viacom18, Jio should come on board. Of course, it won’t be official until both parties sign on the dotted line. The modalities are being worked out.”
The source also revealed, “The times that we live in, everything is unpredictable. Dharma-Lyca deal was almost confirmed but eventually, it failed to materialize. Hence, one can’t say what the end result would be with regards to the Dharma-Jio deal. Let’s wait and watch.”
An industry insider says, “I hope this deal fructifies. Jio Studios has been doing great. And Karan Johar, as we all know, is a credible producer. His slate of upcoming films is also quite exciting. Definitely, it’ll be a win-win situation for both Dharma Productions as well as Jio Studios.”
Jio Studios has become a studio to reckon with. It made its entry in Bollywood with the 2018 surprise hit, the horror comedy Stree. It was produced by Dnesh Vijan’s Maddock films like Luka Chuppi (2019), Made In China (2019), Bala (2019), Love Aaj Kal (2020), Angrezi Medium (2020) and Roohi (2021).