.Its own market capitalisation at Monday’s closing price stood at much more than Rs 28,000 crore Image: Bloomberg2 minutes went through Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to raise as much as Rs 1,500 crore through offering equity reveals to institutional entrepreneurs as aspect of its own method to increase business.The provider on September 2 launched its Qualified Institutional Placement (QIP) problem to raise funds.In a regulatory submission behind time on Monday, Brigade Enterprises educated that a committee of directors authorised the opening of the QIP Issue on Monday.The panel additionally approved the floor cost for the QIP problem at Rs 1,164.70 per equity Reveal.The business’s share cost closed at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday’s closing price stood up at greater than Rs 28,000 crore.In March, Brigade Enterprises had actually taken approval from shareholders to elevate funds with the problem of safeties around Rs 1,500 crore.Unit Enterprises is one of the leading property developers in the nation with a significant presence in South India.Final month, Brigade Enterprises mentioned greater than two-fold jump in consolidated net earnings at Rs 83.72 crore for the June quarter of the present .Its own web income stood up at Rs 38.53 crore in the year-ago time frame.Overall income cheered Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the matching duration of the previous year.( Merely the title and photo of this document may possess been remodelled due to the Organization Requirement personnel the rest of the web content is auto-generated from a syndicated feed.) 1st Released: Sep 03 2024|10:19 AM IST.