.Its own market capitalisation at Monday's closing cost endured at much more than Rs 28,000 crore Graphic: Bloomberg2 minutes reviewed Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to increase as much as Rs 1,500 crore through selling equity shares to institutional real estate investors as aspect of its own approach to extend company.The business on September 2 launched its Qualified Institutional Placement (QIP) concern to raise funds.In a governing submission late on Monday, Unit Enterprises updated that a committee of supervisors authorised the opening of the QIP Concern on Monday.The door likewise approved the flooring price for the QIP issue at Rs 1,164.70 per equity Reveal.The company's share price shut at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing price stood at much more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken authorization from shareholders to elevate funds by means of the concern of safety and securities up to Rs 1,500 crore.Brigade Enterprises is one of the leading real property creators in the nation along with a substantial visibility in South India.Last month, Brigade Enterprises reported more than two-fold pitch in combined web income at Rs 83.72 crore for the June quarter of the existing .Its own web revenue stood up at Rs 38.53 crore in the year-ago time period.Overall income rose to Rs 1,113.44 crore in the course of April-June FY25 from Rs 685.43 crore in the corresponding time period of the previous year.( Simply the heading and also photo of this record might have been revamped due to the Company Criterion team the remainder of the information is actually auto-generated from a syndicated feed.) Very First Published: Sep 03 2024|10:19 AM IST.