CCI Approves Merger of ADES International Cayman and Shelf Drilling
The Competition Commission of India has approved the merger of ADES International Cayman, a subsidiary of ADES International Holding Ltd., with Shelf Drilling, Ltd. Shelf Drilling will be the surviving entity, and shareholders will receive cash proceeds from the merger. ADES International focuses on managing subsidiaries in the oil and gas drilling sector, while Shelf Drilling operates in offshore drilling and related services in India.
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