Mukesh Ambani's Reliance Industries (RIL) is in talks to buy stake in Bollywood film director Karan Johar's Dharma Productions. The Economic Times (ET) has given this information in one of its reports quoting people familiar with the matter.
This deal will strengthen the position of the company involved in business ranging from oil to telecommunication in the Indian content production industry. No information has been revealed about how much stake RIL can buy in Dharma Productions through this deal.
Karan Johar has 90.7% stake in Dharma
According to the report, Karan Johar has been wanting to sell some stake in Dharma Productions for some time now, but some of the previous deals have not been finalized due to disagreements over valuation.
Karan Johar holds 90.7% stake in Dharma and his mother Heeru holds 9.24% stake. This production has produced many popular Bollywood firms.
Widespread financial challenges facing the Hindi film industry
The strategic partnership with Dharma Productions reflects the broader financial challenges facing the Hindi film industry, including rising production costs, declining theater attendance and changing consumer preferences due to the growing popularity of over-the-top (OTT) platforms. Is included.
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