.Its own market capitalisation at Monday's closing cost remained at more than Rs 28,000 crore Graphic: Bloomberg2 min read Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to raise as much as Rs 1,500 crore by offering equity shares to institutional capitalists as component of its own strategy to grow service.The business on September 2 launched its Qualified Institutional Placement (QIP) issue to elevate funds.In a regulatory declaring behind time on Monday, Unit Enterprises educated that a committee of directors authorized the position of the QIP Issue on Monday.The board additionally approved the floor price for the QIP problem at Rs 1,164.70 per equity Portion.The company's portion price closed at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing price stood up at much more than Rs 28,000 crore.In March, Unit Enterprises had actually taken approval from shareholders to elevate funds by means of the issue of protections as much as Rs 1,500 crore.Brigade Enterprises is among the leading real property developers in the country with a notable existence in South India.Last month, Unit Enterprises reported more than two-fold enter combined web income at Rs 83.72 crore for the June one-fourth of the present .Its own net profit stood up at Rs 38.53 crore in the year-ago duration.Total profit rose to Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the equivalent time period of the previous year.( Merely the headline and photo of this document may possess been revamped by the Company Criterion team the rest of the content is auto-generated from a syndicated feed.) 1st Published: Sep 03 2024|10:19 AM IST.