Adani has acquired more than 29 % of anitiv. They are mandated to make an offer to buy additional stake in the company from other shareholders. This could give them a controlling stake of at least 51%. So far, adani has stuck to the script and made an open offer for two 94 rupees per share. But endy davy isn't taking this indignity lying down. It filed a letter with a stock exchange detailing two very important points. The company said that v c p l could only exercise the warrant after obtaining explicit consent from the promoters.