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Amphenol Corporation, as part of its completed acquisition of the Connectivity and Cable Solutions business from Vistance Networks, Inc., had previously announced its open offer to acquire up to 1,196,000 fully paid-up equity shares of face value of INR 10 of ADC India Communications Limited, representing 26.00% of the Target Company’s voting share capital, from the public shareholders of the Target Company, pursuant to and in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. After the completion of the CCS Acquisition, the Target Company became an indirect majority-owned subsidiary of Amphenol.
In accordance with SEBI (SAST) Regulations, the date of commencement of the tendering period will be April 2, 2026 and date of closure of the tendering period will be April 17, 2026.
The Open Offer is a mandatory open offer under Regulations 3(1), 4 and 5(1) of the SEBI (SAST) Regulations and is being made as a result of an indirect acquisition of voting rights and control of the Target Company by the Company, pursuant to execution of the Purchase Agreement, dated as of August 3, 2025, by and between the Seller and the Company. The Open Offer is being made at a price of INR 1,233.59 (or approximately US$13.03) per share, and assuming full acceptance under the Open Offer, the total consideration payable by the Company in cash will be INR 1,475,373,640.00 (or approximately US$15.59 million). The Open Offer is not conditional upon any minimum level of acceptance.
