Karan Johar's decision to sell a 50% stake in Dharma Productions to Serene Productions, led by Serum Institute CEO Adar Poonawalla, created quite a buzz online. However, on Tuesday evening, both Karan and Adar showed a united front as they arrived together and posed at fashion designer Manish Malhotra's star-studded Diwali party.

Karan Johar and Adar Poonawalla pose at Manish Malhotra's Diwali party.

Paparazzi accounts on Instagram posted videos showing Karan Johar, Adar Poonawalla, and Dharma Productions CEO Apoorva Mehta arriving together at Manish Malhotra's Diwali party. Karan wore a red sherwani, while Adar and Apoorva matched in black sherwanis. Actor Varun Dhawan, who was launched by Dharma Productions in 2012, greeted them with hugs and even made Adar laugh with a joke he whispered.