.Its own market capitalisation at Monday’s closing cost stood at greater than Rs 28,000 crore Picture: Bloomberg2 min read through Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to raise up to Rs 1,500 crore by selling equity shares to institutional clients as aspect of its own approach to increase business.The provider on September 2 introduced its own Qualified Institutional Placement (QIP) problem to raise funds.In a regulatory submission behind time on Monday, Brigade Enterprises informed that a board of supervisors authorized the opening of the QIP Issue on Monday.The door likewise permitted the floor rate for the QIP concern at Rs 1,164.70 per equity Reveal.The business’s share price finalized at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday’s closing cost stood at much more than Rs 28,000 crore.In March, Brigade Enterprises had taken authorization from shareholders to increase funds through the problem of safeties up to Rs 1,500 crore.Unit Enterprises is one of the leading real estate designers in the country along with a significant existence in South India.Last month, Brigade Enterprises disclosed more than two-fold jump in consolidated net revenue at Rs 83.72 crore for the June one-fourth of the existing fiscal year.Its own internet earnings stood at Rs 38.53 crore in the year-ago time frame.Total earnings cheered Rs 1,113.44 crore in the course of April-June FY25 from Rs 685.43 crore in the equivalent time frame of the previous year.( Just the title and photo of this record may possess been actually modified by the Organization Standard team the remainder of the content is actually auto-generated coming from a syndicated feed.) 1st Released: Sep 03 2024|10:19 AM IST.