Nutricircle Limited (BSE:530219) agreed to acquire Deccan Health Care Pvt Ltd. for INR 400 million on January 23, 2016. Under the terms of the agreement, the consideration will be paid in cash or stock depending on recommendation of the audit committee and fairness opinion by the merchant banker. The transaction was approved unanimously by the Board of Directors of Nutricircle on January 23, 2016.