GMR Power and Urban Infra Ltd

GMR Power Sells 26% Stake in Mumbai Airport Land JV to Adani for ₹36,400 🏗️

- GMR Power & Urban Infra sells 26% stake in Portus Ventures (PVPL) to Adani Airport City Ltd

- PVPL is a JV for land development at Mumbai's CSMIA, currently in early stages

- Transaction valued at ₹36,400 for 2,600 equity shares (₹10 face value each)

- Deal signed June 08, 2026; expected completion by June 17, 2026

- Post-sale, PVPL will no longer be a GMR joint venture

- Move aligns with GMR's strategy to focus on existing real estate opportunities