The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 19, 2026 for CommScope Connectivity ....
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Awaiting price reaction for this filing.
ADC India Communications has disclosed that its promoters, CommScope Connectivity LLC and CommScope Technologies LLC, released two pledges on their shares on January 9, 2026. The first release involved 13,56,400 shares (~2.94% of share capital) pledged with J.P. Morgan Chase Bank as security for the CommScope group's revolving credit agreement. The second release involved 2,01,78,340 shares (~43.86% of share capital) pledged with J.P. Morgan Chase Bank as security for the CommScope group's term loan credit agreement. Combined, the two releases removed encumbrance on roughly 46.8% of the company's share capital. Promoter holding remains unchanged at 67.49% (3,10,42,086 shares); only the pledged portion has been freed up.
Pledge release reduces encumbrance risk on promoter shares and signals improved credit position of the parent CommScope group. Positive for stock as it lowers the risk of forced share sale, though promoter shareholding itself is unchanged.