ADC India Communications Limited has announced the complete release of pledged shares by its promoters, marking a significant development in the company's shareholding structure. CommScope Connectivity LLC and CommScope Technologies LLC have released their entire encumbered shareholdings, totaling 21,53,474 shares representing 46.80% of the total share capital.

Details of Share Pledge Release

The pledge release transaction was completed on January 9, 2026, involving substantial shareholdings from both promoter entities. The released shares were previously held as collateral security for amounts borrowed by the CommScope group against various credit facilities.

Current Shareholding Position

Following the pledge release, the promoters' current shareholding structure shows significant changes in their encumbered positions:

Background and Purpose

The pledged shares served as collateral security for amounts borrowed by the CommScope group under multiple financing arrangements, including term loan credit agreements, revolving credit agreements, and secured indentures. With the release of these pledges, the promoters have eliminated all encumbered shareholdings in ADC India Communications Limited.

Regulatory Compliance

This disclosure was filed under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates promoters to inform stock exchanges about encumbrance creation, release, or invocation. The company's shares are listed on BSE Limited.

Revised Declaration

The current filing represents a revised declaration dated January 20, 2026, correcting a typographical error in the original January 19, 2026 reporting regarding the number of shares held by CommScope Technologies LLC. Both promoter entities have authorized signatories based in Claremont, NC USA, confirming the accuracy of the revised disclosure.

The complete release of pledged shares indicates the resolution of the underlying credit obligations that necessitated the original pledge arrangements, providing greater flexibility in the promoters' shareholding management.

ADC India Communications has received an intimation regarding a detailed public statement for an open offer by Amphenol Corporation. The US-based connectivity solutions giant is making a mandatory open offer to acquire up to 26% additional stake in the Indian telecommunications equipment company at ₹1,233.59 per share.

Open Offer Details

Amphenol Corporation is offering to acquire up to 11,96,000 fully paid-up equity shares of face value ₹10 each, representing 26% of ADC India's voting share capital. The offer follows Amphenol's indirect acquisition of control through its purchase of CommScope Technologies LLC.

Background Transaction

The open offer stems from Amphenol's acquisition of CommScope's connectivity and cable solutions business on January 9, 2026. Through this transaction, Amphenol indirectly acquired 72.02% voting rights in ADC India Communications. CommScope Connectivity LLC, which holds 67.49% of ADC India's shares as the promoter, and CommScope Technologies LLC, holding an additional 4.54% as part of the promoter group, are now under Amphenol's control.

Offer Price Determination

The offer price of ₹1,233.59 comprises ₹1,179.92 as the base price plus an enhancement of ₹53.67 per share. The base price represents the volume weighted average market price for 60 trading days preceding August 3, 2025. The enhancement, calculated at 10% per annum for the period from August 3, 2025 to January 16, 2026, complies with SEBI regulations for indirect acquisitions.

Financial Performance of ADC India

ADC India Communications has demonstrated strong financial performance in recent years:

*Not annualized

About Amphenol Corporation

Amphenol Corporation is a publicly traded company on the New York Stock Exchange (NYSE: APH) incorporated in Delaware, USA. The company specializes in designing, manufacturing and marketing electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and coaxial cables. For the nine months ended September 30, 2025, Amphenol reported net sales of $16.66 billion and net income of $3.10 billion.

Timeline and Process

The detailed public statement was published on January 15, 2026, in multiple newspapers including Financial Express, Jansatta, Navshakti, and Prajavani. The tendering period is scheduled from March 5-18, 2026, with the final settlement expected by April 7, 2026. Kotak Mahindra Capital Company Limited serves as the manager to the open offer, while KFin Technologies Limited acts as the registrar.

The open offer will be conducted through BSE's acquisition window mechanism, allowing both dematerialized and physical shareholders to participate. If oversubscribed, shares will be accepted on a proportionate basis up to the maximum offer size of 26%.