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MCA raises exemption limit for M&A without prior CCI approval

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The Ministry of Corporate Affairs (MCA) has raised the threshold limits for mergers and amalgamation requiring approval from the Competition Commission of India (CCI).The MCA has specified that if the acquisition target possesses an asset value below INR 450 crore or a turnover less than INR 1,250 crore, then such a merger or acquisition would be exempt from approval by the CCI.The earlier threshold stood at INR 350 crore for value of assets and INR 1,000 crore for turnover.The exemption would be applicable for a duration of two years from the date of publication in the official gazette.