Is that allowed,still it all favors to riot!
This is why you read the fine print. As far as I know, this isn't breaking any rules or clauses in Riot's partnership program. GE and S8UL's partnership, per their words:
... announced a strategic partnership, aimed at developing the Valorant Ecosystem in India, pooling together their PC Gaming, Esports and content expertise. This is a reiteration of the commitment both organizations have towards the community & the collaboration which has been a part of the Indian Gaming & Esports industry from its very inception.
... As this strategic alliance marks S8UL’s entry into Valorant, it will leverage the strengths of both organizations and hopefully create opportunities for the budding Valorant players ... While Global Esports has already secured a partnered seat at this prestigious International League, together, S8UL & GE aims to increase VALORANT's footprint in India.
GE and S8UL's partnership is aimed to help VALORANT's ecosystem in India, and by no means this will compromise Global Esports' place within the Pacific League and their stance with Riot.