If Adani Group has indirect control over a stake that is more than 25%, it is required by Indian law to make an open offer to buy at least 26% more from current shareholders and give them the opportunity to withdraw.
The propaganda about crony capitalism and favouritism, disseminated by Congress on a regular basis, led to real-life acts of violence and vandalism during the anti-farm law protests.
Netizens mock NDTV's Ravish Kumar, who has been at forefront of hating on Adani Group and even spreading fake news, as he may end up working for the group if the deal goes through.
Gautam Adani said, "This is one the largest transfers made to a foundation in the Indian corporate history. This commitment also honors the birth centenary year of my father Shantilal Adani."