Kotak Mahindra Capital Company Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of ADC India Communications Ltd ("Target Company").
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Kotak Mahindra Capital, the manager to the open offer, has submitted the Draft Letter of Offer to BSE for the proposed open offer by Amphenol Corporation (NYSE: APH, a US-listed company) to acquire up to 11,96,000 equity shares (26% of voting capital) of ADC India Communications from public shareholders at ₹1,233.59 per share. The offer price includes a base of ₹1,179.92 plus an enhancement of ₹53.67 per share, with maximum total consideration of about ₹147.54 crores assuming full acceptance. The underlying transaction (purchase agreement between Amphenol and the seller Vistance Networks Inc., formerly CommScope Holding) was already completed on January 9, 2026, which triggered this mandatory open offer under SEBI takeover rules. The tendering period is scheduled for March 5 to March 18, 2026, with the Letter of Offer to be dispatched to public shareholders by February 25, 2026.
Public shareholders of ADC India Communications can sell their shares at ₹1,233.59 each during the March 5-18, 2026 tendering window, and the price may be revised upward until March 2, 2026. With Amphenol having already taken control via the underlying deal, the stock is likely to trade near the offer price, and shareholders should weigh the guaranteed exit against potential future gains under new global ownership.