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The Competition Commission of India on Tuesday approved the acquisition of US seed major Monsanto by Bayer AG. However, the clearance is subject to compliance with certain modifications, CCI said in a tweet. German conglomerate Bayer is preparing to close its $62.5-billion deal of Monsanto this quarter. With this clearance, the merger may enter the fast phase. Shareholders of Monsanto India will closely monitor the developments, both at the global and domestic levels.
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