.Its own market capitalisation at Monday’s closing price endured at much more than Rs 28,000 crore Graphic: Bloomberg2 min read Final Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to raise around Rs 1,500 crore through marketing equity shares to institutional capitalists as aspect of its tactic to extend service.The provider on September 2 released its own Qualified Institutional Positioning (QIP) problem to raise funds.In a regulative filing late on Monday, Unit Enterprises updated that a board of supervisors authorized the opening of the QIP Concern on Monday.The board additionally permitted the floor rate for the QIP issue at Rs 1,164.70 every equity Allotment.The provider’s share price closed at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday’s closing rate stood at more than Rs 28,000 crore.In March, Unit Enterprises had actually taken confirmation from investors to increase funds via the concern of protections approximately Rs 1,500 crore.Brigade Enterprises is just one of the leading real property developers in the nation with a considerable visibility in South India.Last month, Unit Enterprises mentioned greater than two-fold enter combined internet earnings at Rs 83.72 crore for the June quarter of the existing .Its own web earnings stood up at Rs 38.53 crore in the year-ago duration.Overall profit cheered Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the corresponding time frame of the previous year.( Merely the headline and picture of this record might possess been revamped due to the Service Criterion workers the rest of the content is actually auto-generated from a syndicated feed.) 1st Published: Sep 03 2024|10:19 AM IST.