Conman Sukesh Chandrashekhar, currently imprisoned in New Delhi’s Tihar jail for an extortion case, has made an offer to renowned filmmaker Karan Johar to purchase a 50-70 percent stake in his production company, Dharma Productions. Chandrashekhar sent a ‘Letter of Intent’ from Tihar through the legal firm Anantam Legal.
In the letter, he expressed his interest in acquiring a controlling share of Dharma Productions, calling it a “no-negotiation” offer, and stated that if terms were agreed upon, the deal could be finalized within 48 hours.
“This is a letter of intent regarding acquiring a major portion of stake in your company, Dharma Productions,” the letter, shared by Sukesh’s PR team, stated.
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He also mentioned that his financial advisor had informed him that Dharma Productions was seeking investment, and therefore, his company, LS Holdings, wished to contribute to the growth of Johar’s production house.
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Acknowledging his damaged credibility, Chandrashekhar admitted that the offer might seem ‘unusual,’ but insisted it was genuine, as his passion for films was sincere. “For me, movies are not just a business, but a passion and an emotion, as I am personally a movie buff. I am sure this offer may seem unusual, coming from the walls of Asia’s largest prison, but Karan, the best and wonderful things happen from extraordinary situations, places, and persons,” the letter states.
Sukesh Chandrashekhar also expressed his admiration for Karan Johar, calling him a “wonderful human,” and mentioned the respect that Jacqueline Fernandez, whom he referred to as the “love of his life,” has for the filmmaker.
“Me, my family and, are Big Fans of Dharma productions, Mainly the Wonderful Human Karan Johar, and most importantly Love of My Life Jacqueline, has huge Respect towards you, Which you very well know. So it’s a Privilege and an honour to acquire a Stake/infuse funds in your Company and Become a part of your family,” the letter stated.
Adar Poonawalla, CEO of the Serum Institute of India, is set to acquire a 50% stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment for ₹1000 crore.
Poonawalla is making this investment in his personal capacity through Serene Productions, after which Dharma Productions will retain the remaining stake, with Karan Johar continuing as Executive Chairman. Founded in 1976 by Yash Johar, Karan Johar’s father, Dharma Productions is renowned for producing iconic Bollywood films such as ‘Kuch Kuch Hota Hai’, ‘Kabhi Khushi Kabhie Gham’, ‘Kal Ho Naa Ho’, ‘Student of the Year’, ‘Yeh Jawaani Hai Deewani’, ‘Raazi’, ‘Shershaah’, ‘Ae Dil Hai Mushkil’, ‘Brahmāstra’, and more.
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