.Its own market capitalisation at Monday’s closing price endured at much more than Rs 28,000 crore Photo: Bloomberg2 min went through Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to increase approximately Rs 1,500 crore through marketing equity shares to institutional financiers as part of its own strategy to increase company.The company on September 2 launched its Qualified Institutional Positioning (QIP) problem to raise funds.In a regulative submission late on Monday, Brigade Enterprises notified that a committee of directors authorised the position of the QIP Problem on Monday.The door additionally accepted the floor rate for the QIP problem at Rs 1,164.70 every equity Portion.The provider’s share rate finalized 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, Brigade Enterprises had actually taken authorization from shareholders to elevate funds with the issue of securities approximately Rs 1,500 crore.Unit Enterprises is one of the leading real estate developers in the country along with a considerable presence in South India.Last month, Brigade Enterprises reported more than two-fold jump in consolidated net earnings at Rs 83.72 crore for the June quarter of the current fiscal year.Its internet earnings stood at Rs 38.53 crore in the year-ago duration.Complete earnings rose to Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the equivalent period of the previous year.( Simply the heading and also image of this file may possess been revamped due to the Organization Specification team the rest of the information is auto-generated coming from a syndicated feed.) Initial Released: Sep 03 2024|10:19 AM IST.