.Its market capitalisation at Monday’s closing rate stood at much more than Rs 28,000 crore Picture: Bloomberg2 min checked out Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to elevate as much as Rs 1,500 crore through offering equity portions to institutional financiers as aspect of its strategy to expand company.The firm on September 2 released its Qualified Institutional Positioning (QIP) concern to raise funds.In a regulative filing late on Monday, Unit Enterprises updated that a board of supervisors authorised the position of the QIP Issue on Monday.The board additionally accepted the floor rate for the QIP issue at Rs 1,164.70 every equity Share.The business’s portion price closed at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday’s closing rate stood up at greater than Rs 28,000 crore.In March, Unit Enterprises had actually taken approval from shareholders to raise funds via the problem of safeties around Rs 1,500 crore.Brigade Enterprises is among the leading realty creators in the nation along with a notable visibility in South India.Last month, Brigade Enterprises disclosed greater than two-fold jump in consolidated internet profit at Rs 83.72 crore for the June fourth of the existing fiscal year.Its web earnings stood up at Rs 38.53 crore in the year-ago time period.Complete income cheered Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the corresponding time frame of the previous year.( Only the headline and also image of this record might possess been actually modified due to the Business Criterion team the remainder of the information is auto-generated coming from a syndicated feed.) First Published: Sep 03 2024|10:19 AM IST.