.Its own market capitalisation at Monday’s closing cost remained at more than Rs 28,000 crore Image: Bloomberg2 minutes read Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises considers to elevate up to Rs 1,500 crore by offering equity portions to institutional real estate investors as component of its strategy to increase service.The business on September 2 released its Qualified Institutional Positioning (QIP) issue to raise funds.In a regulative filing behind time on Monday, Brigade Enterprises updated that a committee of supervisors authorised the position of the QIP Concern on Monday.The panel additionally permitted the floor price for the QIP problem at Rs 1,164.70 per equity Portion.The business’s portion price finalized at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday’s closing rate stood up at greater than Rs 28,000 crore.In March, Unit Enterprises had actually taken approval from shareholders to raise funds by means of the concern of securities as much as Rs 1,500 crore.Brigade Enterprises is among the leading real property designers in the nation along with a notable visibility in South India.Last month, Brigade Enterprises reported much more than two-fold pitch in combined net profit at Rs 83.72 crore for the June one-fourth of the existing .Its own internet profit stood at Rs 38.53 crore in the year-ago duration.Total 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.( Simply the title and also photo of this report may have been actually revamped due to the Service Criterion personnel the remainder of the web content is actually auto-generated from a syndicated feed.) 1st Released: Sep 03 2024|10:19 AM IST.