Meet man who has bought 50% stake in Karan Johar’s Dharma Productions, he owns Rs 1400 crore mansion, not Mukesh Ambani, Adani

A man who reportedly bought 50% stake in Karan Johar's Dharma Productions also owns Rs. 1400 Crores mansion in London.

Written by: Anirudha Yerunkar Edited by: Anirudha Yerunkar

Updated: October 21, 2024, 12:14 PM IST

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https://www.india.com/business/meet-man-adar-poonawalla-who-has-bought-50-stake-in-karan-johars-dharma-productions-he-owns-rs-1400-crore-mansion-not-mukesh-ambani-adani-7338436/ Copy

Vaccine maker Serum Institute of India’s CEO, Adar Poonawalla-led Serene Productions, announced on Monday that it will acquire a 50 percent stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment for ₹1,000 crore. 

According to a statement, Serene Productions has signed a binding agreement to invest ₹1,000 crore in the production house, which values Dharma at ₹2,000 crore. After the investment, Serene Productions will hold a 50 percent stake in Dharma, with Johar retaining the remaining ownership.

Adar Poonawalla Rs 1400 Crore Mansion In London

Adar Poonawalla, CEO of Serum Institute of India (SII), had reportedly purchased London’s most expensive house of 2023. The property, Aberconway House, is a century-old mansion near Hyde Park and is valued atRs.1,446 crore. This makes it the second most expensive home ever sold in London, after 2-8a Rutland Gate, which was sold for £210 million in 2020.

The mansion was sold by Dominika Kulczyk, daughter of the late Polish industrialist Jan Kulczyk. Though the property will be used by the Poonawalla family and company during their stays in the UK, they have “no plans” to relocate permanently.

London’s Priciest Home Sales

Aberconway House, built in the 1920s, is located in the heart of London near the iconic Hyde Park. It has gained fame for its extravagant price and historic significance. Despite its hefty price tag, it ranks second among London’s priciest home sales, with the top spot held by 2-8a Rutland Gate, sold in January 2020 for a staggering £210 million.

Mukesh Ambani & Lakshmi Mittal Properties in London

1. Mukesh Ambani: Owner of Stoke Park, a 900-year-old hotel located on the outskirts of London. It features 13 tennis courts, 14 acres of private gardens, and a 27-hole golf course. Ambani purchased it in 2020 for Rs 529 crore.
2. Lakshmi Mittal: The steel tycoon owns multiple bungalows in London, including a 12-bedroom mansion in Kensington Palace Gardens, purchased for £70 million in 2004. He is also reported to own the Summer Palace in Bishop Avenue.

Adar Poonawalla’s Educational and Professional Journey

Adar Poonawalla, son of Cyrus Poonawalla, wealth is estimated at $22.1 billion according to Forbes. He studied at St Edmund’s School in Canterbury, The Bishop’s School in Pune, and later pursued biotechnology and management at the University of Westminster in London. His leadership at Serum Institute has been instrumental, especially during the COVID-19 pandemic.

Since taking over as CEO in 2011, Adar Poonawalla has guided Serum Institute in becoming a global vaccine powerhouse. Under his leadership, the company played a crucial role in the fight against COVID-19, producing billions of vaccine doses and distributing them to over 70 countries by 2021. His commitment to global health has been widely recognized.