Subhash Chandra Goel

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In brief

India Today, December 29, 2008

In 2000,Essel Packaging owned by Subhash Chandra of Zee acquired Switzerland's Propack AG, and became the world’s largest producer of laminated tubes. The cash and stock deal resulted in Essel issuing 6.68 million shares to Propack’s promoters, in addition to a cash payment of $11 million. In subsequent years, Essel Propack continued acquisitions across the world and ventured into manufacturing of medical devices with the acquisition of Tapro Inc.,US and Avalon Medical Services, Singapore.