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Brigade Enterprises introduces QIP concern to raise funds up to Rs 1,500 cr Headlines on Markets

.Its market capitalisation at Monday's closing cost stood at greater than Rs 28,000 crore Photo: Bloomberg2 min read through Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises considers to increase as much as Rs 1,500 crore through selling equity portions to institutional real estate investors as part of its strategy to broaden organization.The company on September 2 introduced its Qualified Institutional Positioning (QIP) issue to raise funds.In a regulatory filing late on Monday, Brigade Enterprises notified that a committee of supervisors authorized the position of the QIP Issue on Monday.The door likewise approved the floor cost for the QIP problem at Rs 1,164.70 every equity Portion.The provider's share cost closed at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing rate stood up at much more than Rs 28,000 crore.In March, Unit Enterprises had taken authorization from shareholders to elevate funds through the concern of surveillances approximately Rs 1,500 crore.Unit Enterprises is just one of the leading real property programmers in the country along with a considerable presence in South India.Final month, Unit Enterprises mentioned more than two-fold jump in consolidated internet income at Rs 83.72 crore for the June fourth of the current .Its own web profit stood at Rs 38.53 crore in the year-ago time period.Overall earnings rose to Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the matching time frame of the previous year.( Just the headline as well as image of this document might have been modified due to the Business Specification workers the rest of the web content is actually auto-generated coming from a syndicated feed.) 1st Published: Sep 03 2024|10:19 AM IST.

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