Godrej properties shares gain on proposed rights issue

Business

oi-Sunil

By Sunil Fernandes

Published: Tuesday, May 7, 2013, 11:47 [IST]

Shares in property development company Godrej shares gained two percent in early trade as the board of directors of the company will be considering the issue of equity shares on rights basis on May 9.
Shares in Gorej Properties was last traded at Rs 627, up 2.11 per cent over Monday's close. Other real estate stocks have also rallied in trade today.

Godrej Properties is part of the Godrej Group. The company is currently developing projects in 12 cities across India. Established in 1990, Godrej Properties Limited is the first real estate company to have ISO certification. With projects that span across the country, the company's upcoming development covers 74 million square feet.

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