Oct 14, 2024 12:06 PM IST Share Via byu/Intelligent-Swan-220 inBollyBlindsNGossip A report in The Economic Times quoted a source who revealed that Reliance is eyeing to acquire a stake in Dharma Productions. “In the past, RIL acquired a minority stake in Balaji. A similar structure could be pursued with Dharma,” said another source, as quoted by Economic Times. The report adds that Dharma Productions, owned 90.7% by Karan Johar and 9.24% by his mother, Hiroo Johar, is actively seeking strategic partnerships. “Karan Johar has been exploring ways to monetise his stake for some time, but previous deals failed due to valuation issues,” a source familiar with earlier negotiations told Economic Times. Who is buying Dharma after all? Last week, reports of Saregama, owned by the RP Sanjiv Goenka Group, taking over Dharma Productions had also surfaced. However, a Mint report claimed that the deal has not reached its final stage and may not go through. Dharma Productions is one of India's leading film production companies, founded by Yash Johar in 1979. It has delivered numerous blockbusters across various genres, including romance, drama, and family entertainment. After Yash Johar’s passing in 2003, his son Karan Johar took over, delivering iconic films like Kabhi Khushi Kabhie Gham, My Name Is Khan, and Student of the Year. However, rising production costs, dwindling theatre attendance, and the growing preference for OTT platforms have created new problems for productions studios, including Dharma, as per the ET report.