.Its own market capitalisation at Monday's closing rate endured at much more than Rs 28,000 crore Graphic: Bloomberg2 minutes read through Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises plans to raise around Rs 1,500 crore by offering equity reveals to institutional clients as aspect of its own strategy to extend service.The provider on September 2 introduced its Qualified Institutional Placement (QIP) issue to elevate funds.In a regulatory declaring late on Monday, Unit Enterprises educated that a board of supervisors authorized the opening of the QIP Concern on Monday.The panel likewise permitted the floor price for the QIP concern at Rs 1,164.70 per equity Portion.The company's share price closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing price stood at more than Rs 28,000 crore.In March, Unit Enterprises had actually taken permission from shareholders to increase funds via the problem of protections around Rs 1,500 crore.Unit Enterprises is one of the leading real property designers in the nation with a substantial existence in South India.Last month, Brigade Enterprises mentioned more than two-fold pitch in combined internet profit at Rs 83.72 crore for the June fourth of the present .Its net revenue stood up at Rs 38.53 crore in the year-ago period.Overall revenue cheered Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the equivalent time period of the previous year.( Just the headline and also picture of this record might possess been modified by the Organization Specification staff the rest of the content is actually auto-generated coming from a syndicated feed.) First Posted: Sep 03 2024|10:19 AM IST.