Jubilant Organosys has acquired the pharmaceutical division of Max India Ltd with an estimated value of Rs. 63.11 crore. Max India has informed BSE that an agreement has been executed between the company and Jubilant Organosys Ltd for sale of company's Pharmaceutical Division on November 20, 2002. A committee of the Board constituted for the aforesaid purpose took note of the same in its meeting held on November 21, 2002.