.Its market capitalisation at Monday's closing price stood at much more than Rs 28,000 crore Graphic: Bloomberg2 min read Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises plans to raise around Rs 1,500 crore through offering equity portions to institutional investors as component of its technique to extend business.The business on September 2 introduced its own Qualified Institutional Placement (QIP) problem to increase funds.In a governing submission late on Monday, Brigade Enterprises educated that a board of directors authorized the position of the QIP Concern on Monday.The board additionally approved the floor rate for the QIP issue at Rs 1,164.70 every equity Reveal.The business's reveal rate closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing cost stood up at much more than Rs 28,000 crore.In March, Unit Enterprises had taken confirmation from shareholders to increase funds with the issue of safety and securities as much as Rs 1,500 crore.Brigade Enterprises is one of the leading property creators in the nation along with a notable existence in South India.Final month, Unit Enterprises stated more than two-fold jump in consolidated web earnings at Rs 83.72 crore for the June fourth of the current .Its own web earnings stood up at Rs 38.53 crore in the year-ago time period.Total profit cheered Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the corresponding duration of the previous year.( Merely the heading and picture of this report may have been actually modified due to the Organization Requirement team the rest of the web content is actually auto-generated from a syndicated feed.) Very First Published: Sep 03 2024|10:19 AM IST.