Shardul Amarchand Mangaldas advised INQ Holding LLC (“INQ”), a wholly owned subsidiary of Qatar Investment Authority (“QIA”) (the sovereign wealth fund of the State of Qatar) in relation to obtaining the Competition Commission of India’s approval for its investment in BTS Investment 1 Pte. Ltd. (“BTS1”), a Singapore based pooled vehicle and Viacom 18 Media Private Limited (“Viacom 18”).
By way of the transaction, QIA proposes to invest in BTS1, which is proposing to raise capital from various investors for its investment in Viacom 18. Pursuant to the transaction, QIA will also acquire certain qualified rights in BTS1 and Viacom 18.
The date of signing the deal was 8th February 2023.
The deal is one of the most prominent investments in the media and entertainment sector.
The competition law team was led by Gauri Chhabra, Partner; Gargi Yadav, Consultant; Saumya Raizada, Associate; Eesha Sheth, Associate; Ujwala Kishore Adikey, Associate; and Vishal Rajvansh, Associate.
AZB & Partners advised BTS1 on the legal aspects of the deal.
About Shardul Amarchand Mangaldas & Co.:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance, and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 750 lawyers including 161 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.