Shardul Amarchand Mangaldas & Co. and Khaitan & Co successfully represented Reliance Industries Limited (RIL) and Viacom18 Private Limited (Viacom18) before the Competition Commission of India (CCI) in creating a JV for their entertainment business in India with The Walt Disney Company (TWDC).
The JV is valued at US$ 8.5 billion, making this one of the largest deals in the Indian media and entertainment space.
The combination received conditional Phase I approval from the CCI on 27 August 2024.
The Shardul Amarchand Mangaldas & Co. competition team was led by Managing Partner Pallavi S. Shroff and included Partners Shweta Shroff Chopra, Harman Singh Sandhu, Aman Singh Sethi and Atreyee Sarkar; Principal Associate Rahul Shukla; and Associates Sanjana L.B., Anik Bhaduri, Aryika Dadhwal, Mohsin Rahim and Janhavi Singh.
Khaitan & Co competition team was led by Senior Partner Haigreve Khaitan, and included Partners Anisha Chand and Anshuman Sakle, Principal Associates Soham Banerjee and Alisha Mehra, and Associates Yatharth V. Singh and Rishabh Vohra.
TWDC and Star India Private Limited was represented by AZB & Partners.
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