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Reliance Industries in talks to acquire stake in Karan Johar’s Dharma Productions

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Reliance Industries in talks to acquire stake in Karan Johar’s Dharma Productions

Mukesh Ambani’s Reliance Industries is reportedly in talks to acquire a stake in Karan Johar’s Dharma Productions, driven by the OTT boom and changing dynamics in Bollywood. This strategic move aims to enhance Reliance’s entertainment portfolio, which includes Jio Studios and Viacom18 Studios. Dharma Productions, primarily owned by Johar, is exploring partnerships due to rising production costs and declining theater attendance. Previous attempts to monetize its stake faced valuation challenges. Analysts suggest that a stake sale could help Dharma transition to a professionally managed entity. Reliance’s interest follows its past investments in media companies, indicating a focus on expanding its influence in the entertainment sector.

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