.Its market capitalisation at Monday's closing rate stood at more than Rs 28,000 crore Graphic: Bloomberg2 minutes reviewed Final Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to elevate around Rs 1,500 crore through marketing equity portions to institutional financiers as part of its own approach to increase service.The provider on September 2 launched its Qualified Institutional Positioning (QIP) issue to elevate funds.In a regulative submitting behind time on Monday, Unit Enterprises informed that a board of supervisors authorized the position of the QIP Concern on Monday.The board additionally accepted the flooring price for the QIP issue at Rs 1,164.70 per equity Reveal.The business's portion price closed at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing cost stood at much more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken confirmation coming from investors to increase funds with the issue of securities up to Rs 1,500 crore.Brigade Enterprises is among the leading real property developers in the nation along with a significant existence in South India.Final month, Unit Enterprises mentioned more than two-fold enter combined net profit at Rs 83.72 crore for the June one-fourth of the present .Its web profit stood at Rs 38.53 crore in the year-ago duration.Complete profit rose to Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the equivalent time period of the previous year.( Only the title and also image of this file may possess been remodelled by the Service Criterion personnel the remainder of the content is auto-generated coming from a syndicated feed.) First Released: Sep 03 2024|10:19 AM IST.