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Brigade Enterprises introduces QIP issue to raise funds around Rs 1,500 cr Information on Markets

.Its market capitalisation at Monday's closing cost stood at greater than Rs 28,000 crore Photo: Bloomberg2 minutes read Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises organizes to elevate approximately Rs 1,500 crore by offering equity reveals to institutional real estate investors as aspect of its method to extend service.The business on September 2 introduced its Qualified Institutional Positioning (QIP) issue to raise funds.In a regulatory submission behind time on Monday, Brigade Enterprises updated that a board of directors authorized the position of the QIP Problem on Monday.The panel also authorized the floor cost for the QIP concern at Rs 1,164.70 per equity Reveal.The provider's reveal cost shut at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing rate stood at more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken confirmation from shareholders to raise funds by means of the concern of safeties approximately Rs 1,500 crore.Brigade Enterprises is just one of the leading realty programmers in the nation along with a significant presence in South India.Final month, Brigade Enterprises reported much more than two-fold enter combined web income at Rs 83.72 crore for the June quarter of the current fiscal year.Its net revenue stood up at Rs 38.53 crore in the year-ago duration.Overall revenue cheered Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the matching duration of the previous year.( Just the title and image of this file may possess been actually revamped due to the Business Criterion workers the remainder of the content is auto-generated from a syndicated feed.) Very First Published: Sep 03 2024|10:19 AM IST.