Saregama Denies Rumours of Buying Majority Stake in Karan Johar’s Dharma Productions; Music Company Clarifies There’s No Material Event Requiring Disclosure
Music company Saregama India Limited has denied media reports of buying a major stake in celebrated filmmaker Karan Johar's banner, Dharma Productions.
A shocking piece of news regarding Bollywood director-producer Karan Johar's company, Dharma Productions, recently came to light. It was reported that the music company Saregama India Limited were in talks to buy a major stake in Karan Johar's production banner. It was also revealed that due to constant ups and downs at the box office, it was getting difficult for the company to handle things financially. Amidst the rumours, Karan Johar issued a statement announcing that pre-release screenings of upcoming Dharma movies will be stopped. However, the latest updates have revealed that the rumours are false. The music label refuted the recent media reports of acquiring stakes in Dharma Productions. The company stated that there is currently there's no material event requiring disclosure under SEBI regulations. Meanwhile, Dharma Productions' upcoming film at the box office is Jigra, starring Alia Bhatt and Vedang Raina in lead roles. The movie will hit the theatres on October 11, 2024. Saregama To Buy Majority Stake in Dharma Productions? Netizens Fear Karan Johar's Banner Is in Big Financial Trouble.
Saregama India Limited Denies Rumours of Buying Stake in Dharma Productions
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