.Its market capitalisation at Monday's closing price stood at more than Rs 28,000 crore Picture: Bloomberg2 min read through Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises organizes to raise around Rs 1,500 crore through selling equity shares to institutional investors as portion of its own technique to increase organization.The business on September 2 introduced its Qualified Institutional Positioning (QIP) concern to elevate funds.In a regulative declaring late on Monday, Unit Enterprises updated that a committee of directors authorised the opening of the QIP Concern on Monday.The door also approved the flooring cost for the QIP concern at Rs 1,164.70 every equity Portion.The business's reveal price closed at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing cost stood up at greater than Rs 28,000 crore.In March, Brigade Enterprises had actually taken approval coming from shareholders to elevate funds via the issue of safeties around Rs 1,500 crore.Brigade Enterprises is just one of the leading realty developers in the country with a notable visibility in South India.Last month, Brigade Enterprises mentioned more than two-fold jump in combined internet profit at Rs 83.72 crore for the June one-fourth of the current fiscal year.Its own net earnings stood up at Rs 38.53 crore in the year-ago time frame.Complete revenue cheered Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the equivalent period of the previous year.( Only the title and also photo of this document might have been actually remodelled by the Company Standard personnel the remainder of the information is auto-generated from a syndicated feed.) Initial Posted: Sep 03 2024|10:19 AM IST.