.Its market capitalisation at Monday's closing rate remained at more than Rs 28,000 crore Photo: Bloomberg2 minutes went through Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to increase approximately Rs 1,500 crore through selling equity reveals to institutional investors as portion of its tactic to broaden company.The business on September 2 introduced its Qualified Institutional Placement (QIP) concern to increase funds.In a regulatory declaring late on Monday, Brigade Enterprises informed that a board of directors authorised the position of the QIP Issue on Monday.The panel additionally permitted the flooring price for the QIP problem at Rs 1,164.70 per equity Reveal.The firm's share rate closed at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing rate stood up at greater than Rs 28,000 crore.In March, Unit Enterprises had taken confirmation coming from shareholders to increase funds with the issue of surveillances around Rs 1,500 crore.Unit Enterprises is one of the leading real property developers in the nation with a substantial existence in South India.Last month, Unit Enterprises stated much more than two-fold enter consolidated net profit at Rs 83.72 crore for the June fourth of the current .Its own net profit stood at Rs 38.53 crore in the year-ago time frame.Overall revenue rose to Rs 1,113.44 crore during April-June FY25 coming from Rs 685.43 crore in the corresponding duration of the previous year.( Only the title as well as image of this record might possess been remodelled by the Organization Requirement workers the remainder of the material is auto-generated from a syndicated feed.) Very First Released: Sep 03 2024|10:19 AM IST.