However, the Adani Group on Friday said that the dates were prepared on the basis of timelines provided under the SAST (Substantial Acquisition of Shares and Takeovers) regulations. On August 23, Adani in a surprise announcement said that it had acquired 28.18 per cent stake in NDTV and would launch an 'open offer' to acquire additional 26 per cent. Adani acquired the stake by first acquiring VCPL, which had warrants to convert into equity in case a loan of over Rs 403.85 crore given to NDTV was not repaid.