.Its own market capitalisation at Monday’s closing price endured at greater than Rs 28,000 crore Photo: Bloomberg2 min read through Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to elevate up to Rs 1,500 crore by selling equity reveals to institutional real estate investors as component of its technique to increase service.The business on September 2 introduced its own Qualified Institutional Placement (QIP) concern to raise funds.In a regulatory submitting late on Monday, Brigade Enterprises informed that a board of directors authorized the position of the QIP Concern on Monday.The board also accepted the flooring rate for the QIP issue at Rs 1,164.70 every equity Reveal.The business’s reveal cost closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday’s closing price stood at more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken approval coming from shareholders to raise funds with the problem of safeties around Rs 1,500 crore.Brigade Enterprises is one of the leading realty programmers in the country along with a notable existence in South India.Final month, Brigade Enterprises mentioned greater than two-fold pitch in combined internet revenue at Rs 83.72 crore for the June quarter of the present .Its own net income stood up at Rs 38.53 crore in the year-ago period.Complete revenue rose to Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the matching time period of the previous year.( Simply the headline and also picture of this report might possess been reworked due to the Company Specification personnel the rest of the material is actually auto-generated from a syndicated feed.) Initial Released: Sep 03 2024|10:19 AM IST.