.Its market capitalisation at Monday's closing price endured at more than Rs 28,000 crore Image: Bloomberg2 minutes read through Final Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises organizes to elevate around Rs 1,500 crore through offering equity allotments to institutional entrepreneurs as aspect of its own strategy to broaden company.The business on September 2 launched its Qualified Institutional Positioning (QIP) concern to raise funds.In a governing submitting late on Monday, Unit Enterprises notified that a board of supervisors authorized the opening of the QIP Problem on Monday.The panel additionally accepted the flooring rate for the QIP problem at Rs 1,164.70 every equity Reveal.The business's portion cost shut at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing rate stood up at more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken approval coming from shareholders to increase funds with the problem of safety and securities approximately Rs 1,500 crore.Unit Enterprises is just one of the leading real property creators in the country along with a notable visibility in South India.Final month, Brigade Enterprises stated more than two-fold enter consolidated net profit at Rs 83.72 crore for the June one-fourth of the current fiscal year.Its web earnings stood at Rs 38.53 crore in the year-ago duration.Complete income cheered Rs 1,113.44 crore throughout April-June FY25 coming from Rs 685.43 crore in the corresponding period of the previous year.( Only the heading as well as photo of this record may possess been actually remodelled due to the Business Specification personnel the remainder of the information is actually auto-generated coming from a syndicated feed.) First Released: Sep 03 2024|10:19 AM IST.