India, Nov. 18 -- The Competition Commission of India has approved the proposed merger of ADES International Cayman, a wholly owned subsidiary of ADES International Holding Ltd. with and into Shelf Drilling, Ltd.The proposed combination entails the merger of ADES International Cayman (ADES), a wholly owned subsidiary of ADES International Holding Ltd. (ADES International), with and into Shelf Drilling, Limited (Shelf Drilling), such that: (i) Shelf Drilling will be the surviving entity; (ii) proceeds from the merger to the shareholders of Shelf Drilling will be settled in cash; and (iii) Shelf Drilling will become a wholly owned subsidiary of ADES International (Proposed Combination). ADES International operates as a holding entity, consoli...