.Its own market capitalisation at Monday's closing rate stood at greater than Rs 28,000 crore Photo: Bloomberg2 minutes read Final Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises plans to raise up to Rs 1,500 crore through selling equity reveals to institutional investors as part of its technique to increase service.The provider on September 2 released its own Qualified Institutional Placement (QIP) problem to increase funds.In a regulatory declaring late on Monday, Brigade Enterprises updated that a committee of supervisors authorized the position of the QIP Concern on Monday.The door additionally authorized the flooring rate for the QIP issue at Rs 1,164.70 per equity Portion.The provider's portion cost shut at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing rate stood up at more than Rs 28,000 crore.In March, Unit Enterprises had actually taken approval from shareholders to raise funds with the problem of protections around Rs 1,500 crore.Unit Enterprises is one of the leading property creators in the nation along with a significant presence in South India.Last month, Unit Enterprises mentioned much more than two-fold enter combined web income at Rs 83.72 crore for the June fourth of the present fiscal year.Its web revenue stood up at Rs 38.53 crore in the year-ago time frame.Overall profit rose to Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the matching time frame of the previous year.( Simply the title and photo of this file might possess been remodelled due to the Company Standard team the rest of the web content is auto-generated from a syndicated feed.) Initial Published: Sep 03 2024|10:19 AM IST.