.Its market capitalisation at Monday's closing price stood at much more than Rs 28,000 crore Image: Bloomberg2 minutes checked out Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises organizes to raise around Rs 1,500 crore by offering equity allotments to institutional financiers as aspect of its method to increase service.The business on September 2 introduced its own Qualified Institutional Placement (QIP) concern to increase funds.In a regulative filing behind time on Monday, Brigade Enterprises informed that a committee of directors authorised the opening of the QIP Problem on Monday.The board likewise approved the floor rate for the QIP issue at Rs 1,164.70 per equity Reveal.The firm's allotment rate finalized at Rs 1,239.80 apiece 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 authorization coming from investors to increase funds with the problem of safeties as much as Rs 1,500 crore.Brigade Enterprises is just one of the leading real estate programmers in the country along with a considerable visibility in South India.Final month, Brigade Enterprises disclosed greater than two-fold jump in consolidated internet revenue at Rs 83.72 crore for the June one-fourth of the present fiscal year.Its own net profit stood up at Rs 38.53 crore in the year-ago time period.Overall income cheered Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the matching time frame of the previous year.( Just the headline as well as photo of this file may possess been reworked by the Company Criterion team the rest of the information is auto-generated from a syndicated feed.) Initial Posted: Sep 03 2024|10:19 AM IST.