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Brigade Enterprises launches QIP problem to raise funds approximately Rs 1,500 cr News on Markets

.Its own market capitalisation at Monday's closing price endured at greater than Rs 28,000 crore Photo: Bloomberg2 min read Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises considers to increase as much as Rs 1,500 crore through offering equity shares to institutional capitalists as component of its technique to extend company.The company on September 2 released its Qualified Institutional Positioning (QIP) issue to raise funds.In a regulatory submission behind time on Monday, Unit Enterprises informed that a committee of supervisors authorized the opening of the QIP Concern on Monday.The board also accepted the floor price for the QIP problem at Rs 1,164.70 per equity Allotment.The provider's portion price finalized at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing rate stood at much more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken confirmation coming from shareholders to elevate funds with the issue of safety and securities around Rs 1,500 crore.Unit Enterprises is one of the leading real estate programmers in the country along with a substantial visibility in South India.Final month, Brigade Enterprises mentioned much more than two-fold enter consolidated internet income at Rs 83.72 crore for the June quarter of the existing fiscal year.Its own internet income stood up at Rs 38.53 crore in the year-ago time period.Total revenue rose to Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the corresponding time period of the previous year.( Simply the heading and photo of this document may possess been actually modified due to the Service Specification personnel the rest of the content is auto-generated from a syndicated feed.) 1st Released: Sep 03 2024|10:19 AM IST.