News Broadcasting
Essel Propack acquires Arista Tubes, UK
NEW DELHI: Not content with making a mark on the media scene, Subhash Chandra is busy expanding his other businesses too.
Essel Propack, world’s largest manufacturer of laminated tubes, has acquired the UK-based Arista Tubes, a leading manufacturer of plastic seamless tubes.
Essel Propack, having manufacturing facilities in 11 countries with 17 plants, completed the acquisition through Lamitube Technologies Limited, Mauritius, a wholly owned subsidiary of Essel Propack.
Essel Propack, at present, has a plastic seamless tubes plant at Wada, India. With this acquisition, Essel Propack, which has 30 per cent global market share in laminated tubes, has begun its consolidation of seamless plastic tubes business in global arena.
Announcing the acquisition in London, Essel Propack vice-chairman and MD Ashok Goel said a few hours ago, “More than the acquisition of Arista Tubes, I term this as an acquisition of knowledge in plastic tubes technology, entry into new markets and new opportunities. This, indeed, is a quantum leap for Essel Propack, aimed at broadening our market offering which will infuse an accelerated growth.”
Dwelling on the logic behind the acquisition, Essel Propack COO R Chandrasekhar said, “Arista Tubes is a perfect match. The two organisations have complementing strength vis-à-vis the knowledge of technology and products manufactured. Global reach of Essel Propack coupled with Arista Tubes’ knowledge will make us a force to reckon with in the plastic tubes business as well in the global arena.”
Arista Tubes, UK, founded in 1998, manufactures plastic seamless tubes for cosmetics, personal care, toiletries and pharmaceutical segments. The company has 30 per cent market share in the UK and Ireland and caters to the speciality packaging needs of globally reputed cosmetics, personal care and pharmaceuticals majors in Europe. The Company has an integrated manufacturing facility at Stevenage, located 30 miles north of London.
Rabo India Finance Private Limited, Mumbai, Deloitte Haskins & Sells, Mumbai, and ANS Law Associates, Mumbai were an integral part of the acquisition team.
News Broadcasting
Parikshit Luthra exits CNBC-TV18 after 20-year run
Former bureau chief to take brief pause before next role
NEW DELHI: Senior journalist Parikshit Luthra has signed off from CNBC-TV18, marking 28 February 2026 as his final day and closing nearly two decades with Network18 Media & Investments Limited, including eight years at the business news channel.
During his tenure, Luthra interviewed prominent business leaders and Union ministers, reporting on economic policy, corporate strategy, the automobile sector and financial markets. His coverage spanned key inflection points in India’s economic narrative.
He also led new programming formats such as Newscentre, Global Eye and Global Lens, shows that examined politics and foreign policy through an economic prism, reflecting the channel’s push towards globally linked business reporting.
In a LinkedIn post, Luthra said his final weeks were spent covering the Union Budget, the India AI Summit, India’s trade agreements with the US and EU, and the group’s flagship Rising Bharat Summit 2026. He added that he continued anchoring until his last day and briefly met Prime Minister Narendra Modi during his closing assignments.
Luthra joined CNBC-TV18 in June 2018 as assistant editor, later rising to senior editor and chief of bureau, a position he held for over two years. Before that, he worked with Republic TV and CNN-News18.
He said he plans to take a short break before embarking on his next professional chapter.
