.Its own market capitalisation at Monday's closing rate remained at much more than Rs 28,000 crore Photo: Bloomberg2 minutes read Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to elevate approximately Rs 1,500 crore by marketing equity reveals to institutional investors as aspect of its method to grow service.The company on September 2 launched its own Qualified Institutional Placement (QIP) problem to elevate funds.In a regulative filing behind time on Monday, Unit Enterprises updated that a board of supervisors authorized the opening of the QIP Problem on Monday.The panel likewise authorized the floor price for the QIP problem at Rs 1,164.70 every equity Share.The provider's reveal cost finalized at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing rate stood at much more than Rs 28,000 crore.In March, Unit Enterprises had actually taken approval coming from shareholders to elevate funds through the concern of securities as much as Rs 1,500 crore.Unit Enterprises is among the leading realty designers in the nation along with a significant presence in South India.Final month, Brigade Enterprises disclosed more than two-fold jump in combined net profit at Rs 83.72 crore for the June one-fourth of the current .Its own net revenue stood at Rs 38.53 crore in the year-ago time period.Overall profit rose to Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the matching time period of the previous year.( Just the title and also picture of this record may possess been remodelled due to the Service Standard staff the remainder of the content is auto-generated coming from a syndicated feed.) Very First Posted: Sep 03 2024|10:19 AM IST.