Bollywood director producer Karan Johar is selling 50 percent stake of his production house Dharma productions to Serum Institute’s owner Adar Poonawalla. But why, read here.

The letter, which was shared publicly by Sukesh's PR team, laid out the bizarre proposal, expressing a desire to invest in Dharma Productions despite his rather precarious situation. In the letter, Sukesh assured Johar that the offer was "non-negotiable,

Karan Johar's 'Koffee with Karan' make Dharma Productions is selling a 50% stake to Adar Poonawalla's Serene Productions for around $120M.