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Brigade Enterprises launches QIP problem to raise funds up to Rs 1,500 cr Headlines on Markets

.Its market capitalisation at Monday's closing price endured at much more than Rs 28,000 crore Graphic: Bloomberg2 min checked out Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises intends to elevate up to Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to broaden service.The firm on September 2 released its Qualified Institutional Positioning (QIP) issue to elevate funds.In a governing filing behind time on Monday, Brigade Enterprises notified that a committee of supervisors authorised the position of the QIP Problem on Monday.The door additionally authorized the flooring price for the QIP concern at Rs 1,164.70 every equity Allotment.The firm's reveal cost shut at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing price stood up at much more than Rs 28,000 crore.In March, Brigade Enterprises had taken confirmation from investors to elevate funds with the problem of safeties around Rs 1,500 crore.Brigade Enterprises is one of the leading property designers in the country with a considerable visibility in South India.Last month, Brigade Enterprises reported more than two-fold enter combined web income at Rs 83.72 crore for the June fourth of the existing fiscal year.Its net revenue stood at Rs 38.53 crore in the year-ago time period.Total revenue cheered Rs 1,113.44 crore during the course of April-June FY25 coming from Rs 685.43 crore in the equivalent time period of the previous year.( Only the heading and also picture of this document might possess been actually modified by the Organization Specification staff the remainder of the web content is actually auto-generated coming from a syndicated feed.) 1st Posted: Sep 03 2024|10:19 AM IST.