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<h1>Merger approval: Shelf Drilling to become wholly owned subsidiary of ADES International with cash consideration to shareholders.</h1> The Competition Commission of India approved the merger of ADES International Cayman into Shelf Drilling, under which Shelf Drilling will be the surviving entity, shareholders of Shelf Drilling will receive cash consideration, and Shelf Drilling will become a wholly owned subsidiary of ADES International; ADES International is a holding entity consolidating oil and gas drilling subsidiaries, ADES Cayman is newly incorporated, and both groups provide offshore drilling and related services in India, with the Commission's detailed order to follow.