.Its market capitalisation at Monday’s closing rate endured at more than Rs 28,000 crore Graphic: Bloomberg2 min read through Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to raise approximately Rs 1,500 crore by selling equity reveals to institutional investors as component of its strategy to grow business.The provider on September 2 introduced its Qualified Institutional Placement (QIP) problem to elevate funds.In a governing filing behind time on Monday, Unit Enterprises educated that a board of supervisors authorised the opening of the QIP Problem on Monday.The panel additionally authorized the flooring cost for the QIP problem at Rs 1,164.70 every equity Allotment.The firm’s share price closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday’s closing cost stood at greater than Rs 28,000 crore.In March, Unit Enterprises had actually taken approval coming from shareholders to increase funds with the problem of securities up to Rs 1,500 crore.Brigade Enterprises is one of the leading property creators in the nation along with a considerable visibility in South India.Last month, Brigade Enterprises disclosed more than two-fold jump in consolidated web revenue at Rs 83.72 crore for the June quarter of the existing fiscal year.Its web income stood at Rs 38.53 crore in the year-ago period.Complete revenue cheered Rs 1,113.44 crore in the course of April-June FY25 from Rs 685.43 crore in the corresponding time frame of the previous year.( Merely the headline and also picture of this document might possess been reworked due to the Organization Standard team the remainder of the material is auto-generated from a syndicated feed.) Initial Released: Sep 03 2024|10:19 AM IST.