Announcement regarding completion of acquisition of CommScope''s Connectivity and Cable Solutions (CCS) business by Amphenol Corporation
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Awaiting price reaction for this filing.
ADC India Communications has informed BSE that Amphenol Corporation has completed the acquisition of CommScope Holding Company's Connectivity and Cable Solutions (CCS) business. Since ADC India operates in the CCS segment, the deal has resulted in an indirect change of control of the company. CommScope Technologies LLC (a subsidiary of Amphenol now) holds 4.54% in ADC India, while its wholly owned arm CommScope Connectivity LLC holds 67.49%, giving Amphenol indirect control over 72.02% of voting rights. ADC India remains a listed entity; the filing is a regulatory intimation about who now sits at the top of the promoter chain, not a new direct transaction involving the Indian company itself.
Shareholders should expect a potential mandatory open offer from Amphenol at the prescribed SEBI Takeover Regulations price, since control of the listed company has changed hands indirectly. The promoter and business direction of ADC India now rest with Amphenol, a large global connector and cable company, which could bring strategic continuity or shifts in capital allocation.