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Oil and gas giants ADES, Shelf Drilling seek merger clearance in India under Form II

By Freny Patel ( September 3, 2025, 09:56 GMT | Insight) -- ADES International is acquiring rival Shelf Drilling for $379 million to create a leading shallow-water drilling company. The merger, which requires Indian antitrust clearance, was filed with the Competition Commission of India under Form II because of significant business overlaps in the country. The parties told the CCI that the merger will not lead to any adverse effect on competition, citing the "highly competitive" and dynamic nature of the market.Global oil and gas giants ADES International Holding and Shelf Drilling have sought merger clearance from the Indian antitrust watchdog. ...

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