Kotak Mahindra Capital Company Ltd ("Manager to the Open Offer") has submitted to BSE a copy of 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 Letter of Offer dated March 19, 2026 to BSE on behalf of Amphenol Corporation (a US-listed company on NYSE: APH) for acquiring up to 11,96,000 equity shares (26% of voting share capital) of ADC India Communications from public shareholders. The offer price is INR 1,233.59 per share, which includes a statutory enhancement of INR 53.67 over the underlying transaction price of INR 1,179.92, taking the maximum consideration to about INR 147.54 crore. The underlying deal with the seller Vistance Networks Inc. (formerly CommScope Holding Company) was already completed on January 9, 2026, giving Amphenol indirect control. The tendering window for public shareholders will run from April 2, 2026 to April 17, 2026.
Public shareholders now have a defined window to tender shares at INR 1,233.59 each; if oversubscribed, acceptances will be on a proportionate basis. With Amphenol already having acquired indirect control, this open offer is the mandatory SEBI takeover trigger, and shareholders should weigh the offer price against the stock's market price during the tendering period.