.Its market capitalisation at Monday's closing rate stood at greater than Rs 28,000 crore Picture: Bloomberg2 min read through Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises considers to elevate up to Rs 1,500 crore by marketing equity shares to institutional capitalists as aspect of its own strategy to extend company.The provider on September 2 introduced its own Qualified Institutional Positioning (QIP) problem to elevate funds.In a governing declaring behind time on Monday, Brigade Enterprises updated that a board of directors authorised the position of the QIP Issue on Monday.The panel additionally accepted the floor cost for the QIP concern at Rs 1,164.70 every equity Allotment.The business's reveal cost shut at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing price stood at much more than Rs 28,000 crore.In March, Unit Enterprises had taken authorization coming from shareholders to increase funds via the problem of securities as much as Rs 1,500 crore.Unit Enterprises is just one of the leading property creators in the country with a significant presence in South India.Last month, Brigade Enterprises mentioned greater than two-fold enter consolidated net profit at Rs 83.72 crore for the June fourth of the existing .Its own web earnings stood at Rs 38.53 crore in the year-ago time frame.Overall earnings rose to Rs 1,113.44 crore during April-June FY25 coming from Rs 685.43 crore in the corresponding time frame of the previous year.( Only the headline as well as picture of this record may possess been actually reworked due to the Business Criterion team the rest of the information is actually auto-generated coming from a syndicated feed.) Very First Posted: Sep 03 2024|10:19 AM IST.