Embassy, Parag Milk Foods & Bank of Baroda: Market Action

Embassy Developments Records Landmark Residential Tower Sale

Embassy Developments has signed a Memorandum of Understanding for the sale of an entire residential tower at its Embassy Terazza development in Juhu to Mr. Dinesh Thakkar, Founder, Chairman and Managing Director of Angel One. The transaction value is around Rs 711 crore and covers an entire G+7 storey tower with a RERA carpet area of 63,000 sq. ft.

This deal marks the largest single residential unit transaction in the country. The buyer leads Angel One.

Parag Milk Foods Expands Paneer Manufacturing Capacity

Parag Milk Foods is planning an investment of around Rs 100 crore to expand its paneer manufacturing capacity. The expansion will lift capacity from the existing 20 MT/day to 80 MT/day.

Facilities in Manchar in Maharashtra and Palamaner in Andhra Pradesh will produce both regular and high protein paneer. The expanded facilities are expected to be commissioned by June 2027.

Bank of Baroda Establishes New Pension Fund Subsidiary

Bank of Baroda has incorporated a subsidiary named BOB Pension Fund Management Company. The bank received its certificate of incorporation from the Registrar of Companies under the Ministry of Corporate Affairs.

The subsidiary will act as a Pension Fund Manager. It will carry on the business of receiving contributions, accumulating, investing, managing, and administering pension assets while making payments to subscribers or beneficiaries.

Newgen Software Secures Qatar Agreement and Waaree Energies Lands Order

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 award is $1,791,140, translating to Rs 17.14 crore.

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

Rays of Belief and Zodiac Energy Complete Strategic Acquisitions

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

Zodiac Energy has completed the acquisition of a majority equity stake of 63.5% in Zenwatt Clean Energy. Zenwatt Clean Energy became a subsidiary of the company effective September 21, 2026, supporting the company’s long-term business expansion strategy.