.Its own market capitalisation at Monday's closing rate stood at more than Rs 28,000 crore Picture: Bloomberg2 min read through Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to elevate around Rs 1,500 crore through marketing equity shares to institutional entrepreneurs as portion of its method to extend organization.The provider on September 2 launched its Qualified Institutional Positioning (QIP) concern to increase funds.In a governing submitting behind time on Monday, Unit Enterprises updated that a board of directors authorised the opening of the QIP Problem on Monday.The board also approved the floor price for the QIP concern at Rs 1,164.70 per equity Reveal.The company's allotment rate closed at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing cost stood at greater than Rs 28,000 crore.In March, Unit Enterprises had actually taken permission coming from shareholders to elevate funds by means of the concern of securities up to Rs 1,500 crore.Unit Enterprises is just one of the leading real property programmers in the country along with a notable presence in South India.Final month, Brigade Enterprises reported greater than two-fold enter combined net revenue at Rs 83.72 crore for the June quarter of the present fiscal year.Its own net income stood at Rs 38.53 crore in the year-ago time period.Total income rose to Rs 1,113.44 crore throughout April-June FY25 coming from Rs 685.43 crore in the equivalent period of the previous year.( Only the heading as well as picture of this record may possess been remodelled due to the Business Standard staff the rest of the information is auto-generated coming from a syndicated feed.) Very First Released: Sep 03 2024|10:19 AM IST.