.Its own market capitalisation at Monday's closing price remained at greater than Rs 28,000 crore Graphic: Bloomberg2 min read through Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises considers to elevate around Rs 1,500 crore by selling equity shares to institutional entrepreneurs as part of its own tactic to grow service.The company on September 2 launched its Qualified Institutional Placement (QIP) concern to raise funds.In a regulatory declaring late on Monday, Brigade Enterprises informed that a board of supervisors authorized the position of the QIP Issue on Monday.The board additionally permitted the floor cost for the QIP problem at Rs 1,164.70 every equity Portion.The business's portion price finalized at Rs 1,239.80 each on the BSE.Its 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 raise funds with the concern of protections around Rs 1,500 crore.Brigade Enterprises is among the leading real property designers in the country with a significant existence in South India.Final month, Unit Enterprises stated more than two-fold enter consolidated net earnings at Rs 83.72 crore for the June one-fourth of the present fiscal year.Its internet income stood up at Rs 38.53 crore in the year-ago duration.Overall profit cheered Rs 1,113.44 crore during the course of April-June FY25 coming from Rs 685.43 crore in the corresponding period of the previous year.( Only the heading as well as picture of this report may have been actually remodelled by the Company Standard workers the rest of the web content is auto-generated from a syndicated feed.) Initial Released: Sep 03 2024|10:19 AM IST.