GMR Power and Urban Infra Limited along with Shree Naman Developers Private Limited have incorporated a new company in the name of "Portus Ventures Private Limited" with the main objective for carrying out the design, operation and maintenance of the superstructures on the land parcels at the Mumbai International Airport Limited (MIAL) Airport site with an authorized share capital of INR 100,000/-, divided into 10,000 equity shares of INR 10 each. The Company has subscribed for 2,600 equity shares at a face value of INR 10 each constituting 26% of the total paid up capital of the JV Company for an aggregate cash consideration of INR 26,000 (Rupees Twenty-Six Thousand only).