Shardul Amarchand Mangaldas advises INQ Holding LLC, a wholly-owned subsidiary of Qatar Investment Authority, on obtaining the Competition Commission of India’s approval for its investment in BTS Investment 1 Pte. Ltd

April 11, 2023

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.