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%.

ADC India Communications has disclosed a major ownership change following Amphenol Corporation's completion of its acquisition of CommScope's connectivity business segment on January 9, 2026. The transaction has resulted in Amphenol gaining indirect control over 72.02% of the voting rights in the Indian telecommunications equipment company.

Transaction Structure and Holdings

The acquisition involved Amphenol Corporation purchasing the Connectivity and Cable Solutions segment from CommScope Holding Company, Inc., including 100% equity interests of CommScope Technologies LLC. This strategic move has created a complex ownership structure that gives Amphenol significant control over ADC India Communications.

CommScope Connectivity LLC, a wholly-owned subsidiary of CommScope Technologies LLC, serves as the promoter of ADC India Communications and holds the majority 67.49% stake in the company.

Regulatory Compliance and Disclosure

The transaction was disclosed under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Lance Edward D'Amico, serving as the authorized signatory for Amphenol Corporation, submitted the required documentation to BSE Limited on January 12, 2026.

Company Profile and Share Capital

ADC India Communications Limited is listed on BSE Limited under scrip code 523411. The company maintains a stable equity structure with no changes resulting from this ownership transfer.

Promoter Status Change

Prior to this acquisition, Amphenol Corporation held no stake in ADC India Communications. Following the completion of the transaction, Amphenol has become a promoter of the target company through its indirect control mechanism. The acquisition represents a significant strategic move in the telecommunications equipment sector, with Amphenol gaining substantial influence over ADC India's operations and decision-making processes.

The transaction required various statutory and contractual approvals, which were obtained before the completion date. This acquisition aligns with Amphenol's expansion strategy in the connectivity solutions market and strengthens its presence in the Indian telecommunications infrastructure sector.