.Its own market capitalisation at Monday's closing price stood at much more than Rs 28,000 crore Photo: Bloomberg2 min read Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to raise around Rs 1,500 crore through offering equity allotments to institutional entrepreneurs as aspect of its approach to extend organization.The business on September 2 launched its Qualified Institutional Placement (QIP) problem to elevate funds.In a governing submission behind time on Monday, Unit Enterprises updated that a board of supervisors authorized the position of the QIP Problem on Monday.The panel likewise approved the flooring cost for the QIP concern at Rs 1,164.70 per equity Share.The firm's portion price closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing cost stood up at greater than Rs 28,000 crore.In March, Unit Enterprises had actually taken confirmation from shareholders to raise funds by means of the problem of protections as much as Rs 1,500 crore.Brigade Enterprises is just one of the leading property developers in the nation with a substantial presence in South India.Final month, Brigade Enterprises mentioned more than two-fold jump in combined net revenue at Rs 83.72 crore for the June fourth of the present fiscal year.Its internet income stood up at Rs 38.53 crore in the year-ago period.Overall profit cheered Rs 1,113.44 crore throughout April-June FY25 coming from Rs 685.43 crore in the corresponding period of the previous year.( Just the title and photo of this document might have been revamped due to the Business Criterion staff the remainder of the material is actually auto-generated coming from a syndicated feed.) Initial Published: Sep 03 2024|10:19 AM IST.