.Its market capitalisation at Monday's closing price remained at more than Rs 28,000 crore Picture: Bloomberg2 min read Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to raise approximately Rs 1,500 crore through marketing equity reveals to institutional investors as aspect of its method to expand organization.The firm on September 2 released its Qualified Institutional Placement (QIP) issue to elevate funds.In a regulatory submitting late on Monday, Unit Enterprises updated that a board of supervisors authorised the position of the QIP Problem on Monday.The board likewise accepted the flooring rate for the QIP concern at Rs 1,164.70 every equity Share.The company's portion cost shut at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing price stood at greater than Rs 28,000 crore.In March, Unit Enterprises had taken authorization coming from shareholders to elevate funds through the issue of securities approximately Rs 1,500 crore.Brigade Enterprises is one of the leading property designers in the country with a considerable visibility in South India.Last month, Unit Enterprises stated much more than two-fold jump in combined internet earnings at Rs 83.72 crore for the June one-fourth of the existing fiscal year.Its own internet earnings stood at Rs 38.53 crore in the year-ago period.Overall revenue rose to Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the matching period of the previous year.( Only the heading and photo of this file may have been modified due to the Organization Requirement staff the rest of the information is actually auto-generated coming from a syndicated feed.) Initial Published: Sep 03 2024|10:19 AM IST.