MoneyWorks4Me

Embassy Developments, Parag Milk Foods and Bank of Baroda to see some action today

22 Sep 2026 Evaluate

Embassy Developments has signed a Memorandum of Understanding (MoU) for the sale of an entire residential tower at its ultra-luxury development, Embassy Terazza, in Juhu to Mr. Dinesh Thakkar, Founder, Chairman and Managing Director of Angel One (AOL). The deal is the largest single residential unit transaction in the country. The residence comprises an entire G+7 storey tower with a RERA carpet area of 63,000 sq. ft., and a transaction value of around Rs 711 crore.

Parag Milk Foods is planning to invest around Rs 100 crore to expand its paneer manufacturing capacity from existing 20 MT/day to 80 MT/day at Manchar (Maharashtra) and Palamaner (Andhra Pradesh). The expanded facilities will produce both regular and high protein paneer and are expected to be commissioned by June 2027.

Bank of Baroda has incorporated a Subsidiary named ‘BOB Pension Fund Management Company’ and received certificate of incorporation from Registrar of Companies, Ministry of Corporate Affairs. The said Subsidiary has been incorporated for acting as a Pension Fund Manager and carrying on the business of receiving contributions, accumulating, investing, managing and administering pension assets and making payments or disbursements to subscribers or beneficiaries.

Newgen Software Technologies has executed an agreement with a customer situated in Qatar for Newgen Platform License, implementation, maintenance and support. The aggregate value of the aforesaid Award is $1,791,140 (Rs 17.14 crore). 

Waaree Energies has received an order for supply of 2 GW solar modules from a renowned customer who is a leading solar developer. The said order is expected to be completed in financial year 2026-27 & 2027-28.

Rays of Belief, operating primarily under the Mom’s Belief brand, has completed the acquisition of 100% of City Pro Group Inc. (CPG) through its wholly owned subsidiary, Mom’s Belief US Inc. CPG has become a step-down wholly owned subsidiary of Rays of Belief, effective September 18, 2026.

Zodiac Energy has completed the acquisition of a majority equity stake of 63.5% in Zenwatt Clean Energy. Consequent to the completion of the aforesaid acquisition, Zenwatt Clean Energy has become a Subsidiary of the company with effect from September 21, 2026. The object of the company is in line with the object of the company. The said acquisition would result in further expansion of the business of the company and support the company's long-term business expansion strategy, expand its renewable energy portfolio, and strengthen its operational capabilities.