.Its own market capitalisation at Monday's closing rate stood at much more than Rs 28,000 crore Image: Bloomberg2 minutes read Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to increase up to Rs 1,500 crore by marketing equity portions to institutional clients as component of its strategy to expand business.The business on September 2 launched its own Qualified Institutional Positioning (QIP) concern to increase funds.In a regulative declaring behind time on Monday, Brigade Enterprises informed that a board of supervisors authorized the opening of the QIP Issue on Monday.The panel also permitted the flooring cost for the QIP concern at Rs 1,164.70 per equity Portion.The firm's share rate closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing cost stood at greater than Rs 28,000 crore.In March, Unit Enterprises had taken confirmation coming from investors to elevate funds with the concern of safeties around Rs 1,500 crore.Brigade Enterprises is one of the leading real property developers in the nation with a considerable visibility in South India.Final month, Unit Enterprises reported more than two-fold jump in combined internet income at Rs 83.72 crore for the June fourth of the current .Its internet revenue stood at Rs 38.53 crore in the year-ago period.Complete earnings 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.( Simply the title and also image of this record may possess been actually remodelled by the Company Requirement staff the rest of the content is actually auto-generated coming from a syndicated feed.) Very First Released: Sep 03 2024|10:19 AM IST.