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

.Its market capitalisation at Monday's closing cost remained at more than Rs 28,000 crore Photo: Bloomberg2 minutes read through Final Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises intends to increase as much as Rs 1,500 crore by selling equity reveals to institutional clients as aspect of its technique to extend company.The company on September 2 released its Qualified Institutional Positioning (QIP) problem to increase funds.In a regulative submitting behind time on Monday, Unit Enterprises updated that a board of directors authorized the position of the QIP Concern on Monday.The panel likewise accepted the flooring rate for the QIP concern at Rs 1,164.70 per equity Share.The provider's reveal cost closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing rate stood up at greater than Rs 28,000 crore.In March, Unit Enterprises had taken authorization from investors to elevate funds through the concern of safety and securities around Rs 1,500 crore.Brigade Enterprises is among the leading property programmers in the country along with a substantial presence in South India.Last month, Brigade Enterprises mentioned more than two-fold jump in consolidated net earnings at Rs 83.72 crore for the June fourth of the existing fiscal year.Its web earnings stood up at Rs 38.53 crore in the year-ago time period.Overall revenue rose to Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the matching duration of the previous year.( Merely the heading as well as image of this record might possess been remodelled due to the Service Requirement workers the rest of the material is actually auto-generated coming from a syndicated feed.) First Posted: Sep 03 2024|10:19 AM IST.