.Its own market capitalisation at Monday's closing rate remained at greater than Rs 28,000 crore Photo: Bloomberg2 min reviewed Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to raise as much as Rs 1,500 crore through marketing equity portions to institutional real estate investors as portion of its technique to extend business.The business on September 2 launched its Qualified Institutional Placement (QIP) problem to elevate funds.In a regulatory submission behind time on Monday, Unit Enterprises informed that a committee of directors authorized the opening of the QIP Problem on Monday.The board likewise approved the floor price for the QIP issue at Rs 1,164.70 per equity Reveal.The business's reveal cost finalized at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing cost stood up at much more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken approval from investors to increase funds via the issue of safeties as much as Rs 1,500 crore.Brigade Enterprises is among the leading property developers in the nation along with a significant presence in South India.Last month, Unit Enterprises mentioned much more than two-fold jump in combined web income at Rs 83.72 crore for the June fourth of the current fiscal year.Its web revenue stood 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 duration of the previous year.( Simply the headline as well as image of this file may have been reworked due to the Company Specification team the remainder of the material is actually auto-generated from a syndicated feed.) Very First Posted: Sep 03 2024|10:19 AM IST.