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Brigade Enterprises launches QIP issue to raise funds approximately Rs 1,500 cr Information on Markets

.Its own market capitalisation at Monday's closing cost endured at more than Rs 28,000 crore Photo: Bloomberg2 minutes read Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises considers to increase around Rs 1,500 crore by marketing equity shares to institutional financiers as component of its own method to extend business.The provider on September 2 launched its own Qualified Institutional Positioning (QIP) problem to raise funds.In a regulatory filing late on Monday, Brigade Enterprises educated that a board of supervisors authorised the opening of the QIP Problem on Monday.The door also approved the floor price for the QIP issue at Rs 1,164.70 every equity Reveal.The provider's share cost finalized at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing rate stood at more than Rs 28,000 crore.In March, Brigade Enterprises had taken confirmation from investors to raise funds via the concern of securities as much as Rs 1,500 crore.Brigade Enterprises is among the leading property programmers in the country along with a substantial presence in South India.Final month, Brigade Enterprises reported much more than two-fold jump in combined internet earnings at Rs 83.72 crore for the June quarter of the present fiscal year.Its own internet income stood at Rs 38.53 crore in the year-ago duration.Total earnings rose to Rs 1,113.44 crore during the course of April-June FY25 coming from Rs 685.43 crore in the equivalent period of the previous year.( Only the title as well as picture of this document might have been actually modified due to the Organization Standard team the remainder of the content is actually auto-generated from a syndicated feed.) Very First Posted: Sep 03 2024|10:19 AM IST.