4 min readNew DelhiFeb 27, 2026 09:55 AM IST Karan Johar’s Dharma Productions sold 50 percent of their equity to Adar Poonawalla in 2024 for Rs 1000 crore and since then, many other Indian film production houses have sought deals with larger conglomerates. In a recent interview, Karan hinted that while Poonawalla has a 50 percent stake in his business, he might exit it at some point as for him, this is a business deal. Karan also spoke about the deals between Farhan Akhtar’s Excel Entertainment and Universal Music, and Sanjay Leela Bhansali’s production house and Saregama. Adar Poonawalla might exit the Dharma deal in a few years Talking about Dharma’s deal with Adar Poonawalla, Karan, in a chat with Sarthak Ahuja, said, “I think this was a move towards diversification but with him, it’s a balance. I’m sure at some point he is looking for an exit out of this deal because he is a businessman and this is a business. But also, I think he is a lover of the arts. But he …