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Brigade Enterprises introduces QIP concern to increase funds around Rs 1,500 cr Information on Markets

.Its own market capitalisation at Monday's closing rate endured at much more than Rs 28,000 crore Image: Bloomberg2 minutes read Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises considers to elevate as much as Rs 1,500 crore by selling equity portions to institutional investors as aspect of its own strategy to grow business.The company on September 2 released its Qualified Institutional Positioning (QIP) concern to increase funds.In a regulative submitting behind time on Monday, Unit Enterprises notified that a board of directors authorized the opening of the QIP Issue on Monday.The board also accepted the floor price for the QIP problem at Rs 1,164.70 per equity Allotment.The provider's share price finalized at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing cost stood up at more than Rs 28,000 crore.In March, Brigade Enterprises had taken confirmation from shareholders to increase funds through the problem of securities as much as Rs 1,500 crore.Brigade Enterprises is one of the leading realty creators in the country with a substantial visibility in South India.Last month, Brigade Enterprises stated much more than two-fold jump in consolidated web revenue at Rs 83.72 crore for the June fourth of the current .Its web income stood at Rs 38.53 crore in the year-ago time period.Complete profit rose to Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the matching period of the previous year.( Just the title and also picture of this document may possess been modified by the Business Standard staff the remainder of the content is actually auto-generated coming from a syndicated feed.) Initial Released: Sep 03 2024|10:19 AM IST.