Karan Johar, the head of Dharma Productions, is reportedly in talks to sell a majority stake in his production company. According to a report by Exchange4Media, the producer-director has approached several of India’s largest corporations to explore investment opportunities.
Potential investors are said to include major business conglomerates based in Mumbai, Kolkata, and Ahmedabad. Additionally, a prominent music company is reportedly among the leading contenders.
As discussions about seeking investors continue, Dharma Productions’ financial performance has come under the spotlight. The company’s financial data shows a decline in post-tax profit, dropping from ₹27.1 crore in the financial year 2022-23 to ₹10.70 crore in FY 2023-24.
However, total revenue for FY23 saw a substantial increase, rising to ₹1,044 crore from ₹278 crore in FY22. The company’s borrowings for FY23 stood at ₹82 crore, slightly lower than the previous year’s ₹92 crore.
Despite the financial scrutiny, Dharma Productions has a packed schedule for 2024. In the first half of the year, the company released four films: Yodha, Mr & Mrs Mahi, Kill, and Bad Newz.
Two additional films, Jigra and Dhadak 2, are slated for release in October and November, respectively. Additionally, Devara, a film presented by Dharma Productions featuring Jr NTR, Saif Ali Khan, and Janhvi Kapoor, is also set to be released this year.
Although India gained independence in 1947, it was not until 1952 that the country witnessed…
Indian investors are increasingly turning their attention to Greece in unprecedented numbers. This stems from…
India Capitals will begin their campaign against Toyam Hyderabad in Jodhpur on Saturday, September 21,…
The film, which blends genres in a unique way, premiered at the Cannes Film Festival…
Yashasvi played a 56-run knock from 118 balls at a strike rate of 47.46 on…
A lab test report confirms that beef fat, fish oil used in making laddus at Tirupati…