.Its own market capitalisation at Monday's closing cost stood at more than Rs 28,000 crore Picture: Bloomberg2 min read through Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to increase up to Rs 1,500 crore through selling equity shares to institutional investors as aspect of its strategy to grow organization.The company on September 2 introduced its own Qualified Institutional Positioning (QIP) concern to increase funds.In a governing submission behind time on Monday, Brigade Enterprises educated that a board of directors authorized the opening of the QIP Problem on Monday.The door additionally accepted the flooring cost for the QIP problem at Rs 1,164.70 per equity Share.The business's allotment rate finalized at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing cost stood up at greater than Rs 28,000 crore.In March, Brigade Enterprises had actually taken authorization coming from investors to raise funds by means of the problem of protections up to Rs 1,500 crore.Brigade Enterprises is just one of the leading real estate designers in the country with a considerable existence in South India.Last month, Brigade Enterprises disclosed more than two-fold enter consolidated web income at Rs 83.72 crore for the June quarter of the present .Its own net revenue stood up at Rs 38.53 crore in the year-ago time period.Overall earnings cheered Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the corresponding time frame of the previous year.( Merely the heading and image of this document might possess been reworked by the Company Standard personnel the rest of the information is auto-generated coming from a syndicated feed.) First Released: Sep 03 2024|10:19 AM IST.