Kotak Mahindra Capital Company Ltd ("Manager to the Open Off") has submitted to BSE a copy of Public Announcement for the attention of the Public Shareholders of ADC India Communications ....
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Amphenol Corporation (NYSE: APH), a US-based interconnect solutions company, is making a mandatory open offer to acquire up to 11,96,000 equity shares (26% of voting share capital) of ADC India Communications from its public shareholders at INR 1,179.92 per share, aggregating to approximately INR 141.12 crores in total consideration (assuming full acceptance). This open offer has been triggered because Amphenol has entered into a Purchase Agreement dated August 3, 2025 with CommScope Holding Company, Inc. to acquire CommScope's connectivity and cable solutions business, which indirectly holds 72.02% of ADC India (through CommScope Technologies LLC holding 4.54% and CommScope Connectivity LLC holding 67.49%). Amphenol currently holds no direct stake in ADC India. Kotak Mahindra Capital Company is acting as the Manager to the Offer.
Public shareholders can tender their shares at INR 1,179.92 per share in cash. This signals a change of control from CommScope to Amphenol, which may bring strategic shifts but is likely viewed positively given Amphenol's scale and global presence in the interconnect industry.