.Its own market capitalisation at Monday’s closing cost stood at more than Rs 28,000 crore Graphic: Bloomberg2 minutes read through Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises plans to raise up to Rs 1,500 crore by selling equity shares to institutional entrepreneurs as component of its technique to expand business.The firm on September 2 released its Qualified Institutional Positioning (QIP) issue to elevate funds.In a regulatory submission late on Monday, Unit Enterprises notified that a board of supervisors authorized the opening of the QIP Concern on Monday.The panel also authorized the floor price for the QIP issue at Rs 1,164.70 per equity Allotment.The firm’s reveal cost shut at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday’s closing cost stood at greater than Rs 28,000 crore.In March, Unit Enterprises had actually taken approval coming from investors to raise funds via the problem of safeties approximately Rs 1,500 crore.Brigade Enterprises is among the leading realty creators in the nation with a substantial visibility in South India.Last month, Unit Enterprises mentioned greater than two-fold jump in consolidated net earnings at Rs 83.72 crore for the June quarter of the current fiscal year.Its net earnings stood at Rs 38.53 crore in the year-ago time period.Total profit cheered Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the matching time frame of the previous year.( Only the heading and photo of this file may have been modified due to the Service Requirement staff the remainder of the web content is auto-generated coming from a syndicated feed.) First Posted: Sep 03 2024|10:19 AM IST.