AZB & Partners acted for Karan Johar of Dharma Productions on an acquisition of a minority stake in Mumbai Art Fair Private Limited.
The AZB team working on this transaction consisted of Nandish Vyas (Senior Partner), Farah Titina (Senior Associate) and Rishad Mehta (Associate).
This move follows his earlier association with the fair (also referred to as Art Mumbai) as a "cultural ambassador," where he hosted events and engaged in discussions, aiming to bridge the gap between Bollywood and the art world. Prior to this investment, Johar had also been an active participant in the fair, even acquiring artwork.
The Mumbai Art Fair, also known as Art Mumbai, is a significant art event in India's financial and cultural hub. Since its inception, it has aimed to provide a platform for galleries and artists to showcase their work, fostering engagement between the art community and the public. The fair features a diverse range of modern and contemporary art from South Asia and beyond, including paintings, sculptures, installations, and more.
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