.Its market capitalisation at Monday's closing cost stood at much more than Rs 28,000 crore Image: Bloomberg2 minutes read Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises intends to increase approximately Rs 1,500 crore by offering equity portions to institutional financiers as component of its strategy to broaden organization.The firm on September 2 introduced its own Qualified Institutional Placement (QIP) concern to elevate funds.In a regulative submitting late on Monday, Brigade Enterprises updated that a board of directors authorized the position of the QIP Problem on Monday.The door additionally accepted the flooring price for the QIP problem at Rs 1,164.70 every equity Share.The company's portion cost finalized at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing rate stood up at more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken confirmation coming from investors to increase funds by means of the concern of surveillances approximately Rs 1,500 crore.Unit Enterprises is one of the leading property programmers in the nation along with a considerable presence in South India.Last month, Brigade Enterprises reported greater than two-fold pitch in consolidated web income at Rs 83.72 crore for the June one-fourth of the existing fiscal year.Its web profit stood at Rs 38.53 crore in the year-ago time frame.Overall revenue rose to Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the corresponding duration of the previous year.( Merely the headline as well as image of this file may possess been actually modified by the Organization Criterion personnel the remainder of the web content is auto-generated coming from a syndicated feed.) 1st Released: Sep 03 2024|10:19 AM IST.