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Brigade Enterprises introduces QIP issue to elevate funds around Rs 1,500 cr News on Markets

.Its market capitalisation at Monday's closing price remained at much more than Rs 28,000 crore Image: Bloomberg2 min checked out Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises considers to elevate around Rs 1,500 crore through selling equity reveals to institutional clients as aspect of its own strategy to extend company.The business on September 2 launched its own Qualified Institutional Placement (QIP) issue to raise funds.In a governing filing late on Monday, Unit Enterprises updated that a committee of directors authorised the position of the QIP Problem on Monday.The board also accepted the floor cost for the QIP issue at Rs 1,164.70 per equity Portion.The firm's portion cost closed at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing rate stood up at much more than Rs 28,000 crore.In March, Brigade Enterprises had taken permission coming from shareholders to elevate funds via the issue of securities as much as Rs 1,500 crore.Brigade Enterprises is just one of the leading realty creators in the nation with a notable visibility in South India.Last month, Brigade Enterprises stated greater than two-fold pitch in consolidated internet revenue at Rs 83.72 crore for the June quarter of the present fiscal year.Its internet earnings stood at Rs 38.53 crore in the year-ago time period.Complete revenue cheered Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the corresponding time frame of the previous year.( Merely the headline as well as image of this document might possess been remodelled by the Business Specification staff the rest of the information is auto-generated coming from a syndicated feed.) Initial Posted: Sep 03 2024|10:19 AM IST.