Saregama in Talks to Acquire Majority Stake in Dharma Productions

• Saregama India Ltd is reportedly negotiating to acquire a majority stake in Karan Johar’s Dharma Productions.
• The deal is not yet finalized and may not proceed.
• Dharma Productions has been actively seeking investments, while Saregama aims to bolster its content and movie catalogue.
• Saregama's acquisition could leverage Dharma’s industry relationships and project capabilities.
• Dharma's FY23 revenue stood at ₹1,044.16 crore, with a profit of ₹10.69 crore, while Saregama had a revenue of ₹7,90.3 crore, with a net profit of ₹1,85.1 crore.

Source: Mint