Reliance Industries Ltd. (RIL) is reportedly in talks to acquire a stake in Karan Johar’s Dharma Productions, according to an Economic Times report. If the deal goes through, it would strengthen Reliance’s position in India’s entertainment industry, adding to its existing assets like Jio Studios and Viacom18 Studios.
Dharma Productions, owned by Karan Johar (90.7%) and his mother Hiroo Johar (9.24%), is seeking strategic partnerships to navigate challenges like rising production costs, lower theater attendance, and the growth of OTT platforms, which are reshaping Bollywood’s landscape.
A source told the Economic Times that Karan Johar has been looking to monetize his stake, but earlier negotiations failed due to valuation disagreements.
Advertising Reporter could not independently verify this information.