India pharma tycoon buys $119m stake in Bollywood film house

Indian pharmaceutical tycoon Adar Poonawalla has invested $119 million into one of Bollywood’s biggest production companies, a boost to a film industry that has suffered from waning audience interest. The deal gives Poonawalla’s Serene Production a 50-percent stake in Dharma Productions, the producer and distributor of some of India’s biggest movie blockbusters. Prolific filmmaker and […]

The post India pharma tycoon buys $119m stake in Bollywood film house appeared first on Insider Paper.