Wednesday, November 13, 2024
HomeEconomyReliance can buy stake in Dharma Productions: Karan Johar has 90.7% stake and his...

Reliance can buy stake in Dharma Productions: Karan Johar has 90.7% stake and his mother has 9.24% stake in it.

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.

Graphics Source: VaskarAssets

See also  Don't get scammed in the rush to buy gold on Dhanteras: Check genuine and fake hallmarks, definitely ask the jeweler these 3 questions
Frontpage Insights
Frontpage Insightshttps://frontpageinsights.online
At Frontpage Insights, we understand that staying informed is essential in today’s fast-paced world. That’s why we are committed to bringing you news that matters, with a focus on delivering breaking news, in-depth analyses, and insightful commentary on a wide range of topics. Our diverse coverage spans categories such as WORLD, TOP STORIES, ECONOMY, BUSINESS, SCIENCE, HEALTH, SPORTS, LIFESTYLE, and ENTERTAINMENT, ensuring that our readers have access to a well-rounded perspective on global events.

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Discover more from Frontpage Insights

Subscribe now to keep reading and get access to the full archive.

Continue reading