Adani reportedly pledged Rs 60,000 crores (USD 7.7 billion) when he turned 60 in June of this year. The funds will be used toward healthcare, education, and skill development through the Adani Foundation, which was established in 1996.
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.