.Its market capitalisation at Monday’s closing price stood at much more than Rs 28,000 crore Graphic: Bloomberg2 minutes read Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to increase up to Rs 1,500 crore through selling equity portions to institutional financiers as component of its own technique to increase business.The firm on September 2 released its own Qualified Institutional Positioning (QIP) problem to elevate funds.In a regulatory filing behind time on Monday, Brigade Enterprises educated that a committee of directors authorised the position of the QIP Concern on Monday.The door likewise permitted the floor rate for the QIP problem at Rs 1,164.70 per equity Share.The company’s share cost finalized at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday’s closing cost stood up at greater than Rs 28,000 crore.In March, Unit Enterprises had taken permission coming from investors to increase funds through the concern of securities as much as Rs 1,500 crore.Unit Enterprises is among the leading property developers in the nation along with a significant presence in South India.Last month, Brigade Enterprises disclosed more than two-fold pitch in combined net revenue at Rs 83.72 crore for the June one-fourth of the current fiscal year.Its own net earnings stood at Rs 38.53 crore in the year-ago time frame.Total income cheered Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the equivalent time frame of the previous year.( Only the heading and also image of this record may possess been actually modified due to the Organization Standard personnel the rest of the material is actually auto-generated from a syndicated feed.) Initial Published: Sep 03 2024|10:19 AM IST.