.Its own market capitalisation at Monday's closing price remained at more than Rs 28,000 crore Photo: Bloomberg2 min read through Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to increase as much as Rs 1,500 crore by selling equity reveals to institutional capitalists as component of its method to broaden service.The provider on September 2 released its own Qualified Institutional Placement (QIP) concern to raise funds.In a governing declaring late on Monday, Brigade Enterprises informed that a board of supervisors authorized the opening of the QIP Problem on Monday.The board additionally authorized the floor rate for the QIP problem at Rs 1,164.70 per equity Allotment.The firm's reveal cost finalized at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing cost stood at much more than Rs 28,000 crore.In March, Unit Enterprises had actually taken authorization coming from shareholders to increase funds with the problem of protections as much as Rs 1,500 crore.Unit Enterprises is one of the leading real estate developers in the country with a substantial existence in South India.Last month, Unit Enterprises disclosed greater than two-fold pitch in combined net profit at Rs 83.72 crore for the June one-fourth of the current .Its own web earnings stood up at Rs 38.53 crore in the year-ago time period.Total earnings cheered Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the corresponding time frame of the previous year.( Simply the title and also image of this report may have been revamped by the Service Specification staff the remainder of the web content is actually auto-generated from a syndicated feed.) Initial Posted: Sep 03 2024|10:19 AM IST.