.Its own market capitalisation at Monday's closing price stood at greater than Rs 28,000 crore Picture: Bloomberg2 min read through Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to raise as much as Rs 1,500 crore through selling equity reveals to institutional clients as component of its method to broaden company.The company on September 2 introduced its Qualified Institutional Placement (QIP) problem to elevate funds.In a regulative declaring late on Monday, Brigade Enterprises informed that a committee of supervisors authorised the opening of the QIP Problem on Monday.The door also approved the flooring cost for the QIP problem at Rs 1,164.70 per equity Share.The business's reveal rate closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing cost stood up at more than Rs 28,000 crore.In March, Unit Enterprises had actually taken authorization coming from investors to increase funds via the problem of protections up to Rs 1,500 crore.Brigade Enterprises is just one of the leading real property creators in the nation along with a notable presence in South India.Final month, Brigade Enterprises mentioned greater than two-fold jump in consolidated internet earnings at Rs 83.72 crore for the June fourth of the existing fiscal year.Its net revenue stood up at Rs 38.53 crore in the year-ago time frame.Overall income cheered Rs 1,113.44 crore throughout April-June FY25 coming from Rs 685.43 crore in the matching period of the previous year.( Merely the heading and image of this report may have been actually modified by the Business Criterion team the rest of the content is auto-generated from a syndicated feed.) Initial Published: Sep 03 2024|10:19 AM IST.