Shares of Godrej Properties were up nearly 2% ahead of its board meet to consider rights issue.
The board of directors will meet on May 9 to consider issue of equity shares on a rights basis, the company said in a release on the Bombay Stock Exchange after market hours on Monday.
The board will approve audited financial results of the company for the quarter and year ended March 31, 2013 and also recommend dividend, if any, for the financial year ended March 31, 2013, to be paid subject to shareholders' approval in the ensuing Annual General Meeting, the release said.
Over 4,600 shares were traded on both the stock exchanges so far.
