GMR Power and Urban Infra along with Shree Naman Developers have incorporated a new Joint Venture (JV) company in the name of ‘Portus Ventures’ with the main objective for carrying out the design, operation and maintenance of the superstructures on the land parcels at the Mumbai International Airport (MIAL) Airport site with an authorized share capital of Rs 100,000, divided into 10,000 equity shares of Rs 10 each.
The company has subscribed for 2,600 equity shares at a face value of Rs 10 each constituting 26% of the total paid up capital of the JV Company for an aggregate cash consideration of Rs 26,000. Pursuant to the above acquisition, Portus Ventures has become a Joint Venture of the Company.
GMR Power and Urban Infra, a subsidiary of GEPL holds expertise in the sectors of energy, urban infrastructure and transportation.
| Company Name | CMP |
|---|---|
| NTPC | 397.90 |
| Tata Power | 433.65 |
| Adani Power | 200.80 |
| Power Grid Corp | 319.60 |
| Torrent Power | 1605.70 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: