ADC India jumps 20% on Amphenol Corp’s 26% stake open offer
ADC India Communications hit a 20% upper circuit after Amphenol Corporation launched a 26% open offer at ₹1,179.92/share, following its $10.5 billion global acquisition of CommScope CCS business. ADC promoter entities currently hold a 72.02% stake, which will shift to Amphenol. The open offer deal is valued at ₹141 crore.