Adar Poonawalla to acquire 50% stake in Karan Johar's Dharma Productions for ₹1,000 cr
Karan Johar to retain the remaining ownership. As the executive chairman, he will also lead the company
Karan Johar to retain the remaining ownership. As the executive chairman, he will also lead the company
Just why NBFC is the latest holy grail in financial services.
The NBFC stock has grown three-fold in the last two years, from ₹98 on February 12, 2021, to ₹307 in intraday today, after Adar Poonawalla acquired the company.
The deal is expected to optimise resource allocation as Poonawalla Fincorp focuses on consumer and MSME financing.
The owner of world's biggest vaccine maker is also known for his interest in social causes.
While the initial rollout will be for supplies to the government vaccination programme, commercial open sales may begin early 2023, says Adar Poonawalla.
Serum Institute chief executive Adar Poonawalla, during a media event today, said the company has 200 million doses of vaccine stock available currently.
India has learned a lot and is in a stronger and better position to face any future wave or future pandemics, says Adar Poonawalla.
This multibagger stock has risen from ₹47 per share on February 1, 2021, to ₹283 level currently, after Adar Poonawalla-led Rising Sun Holdings acquired a 60% stake in the company.
Poonawalla says the biggest learning from the pandemic has been the realisation that one should not make forward looking predictions, as things have been changing fast with Covid-19