Serene Productions, led by Adar Poonawalla, has acquired a 50% stake in popular Indian production house Dharma Productions and its subsidiary Dharmatic Entertainment for a whopping ₹1,000 crore. The remaining 50% stake will be retained by Dharma's Executive Chairman, Karan Johar. This deal was advised by law firms JSA and AZB & Partners, with top lawyers such as Iqbal Khan and Devika Menon leading the transaction. This major acquisition in the entertainment industry shows the growing dominance of Serene Productions in the market.