.Its own market capitalisation at Monday’s closing rate endured at more than Rs 28,000 crore Graphic: Bloomberg2 minutes reviewed Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises prepares to elevate as much as Rs 1,500 crore through offering equity reveals to institutional financiers as aspect of its tactic to expand service.The provider on September 2 released its own Qualified Institutional Placement (QIP) concern to raise funds.In a governing submitting late on Monday, Brigade Enterprises notified that a board of supervisors authorized the position of the QIP Issue on Monday.The panel additionally authorized the floor rate for the QIP problem at Rs 1,164.70 every equity Share.The provider’s allotment price closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday’s closing price stood at more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken permission from shareholders to increase funds with the problem of protections up to Rs 1,500 crore.Unit Enterprises is among the leading real estate designers in the country along with a substantial presence in South India.Last month, Brigade Enterprises mentioned greater than two-fold jump in combined net income at Rs 83.72 crore for the June quarter of the present .Its own net income stood up at Rs 38.53 crore in the year-ago duration.Overall profit rose to Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the corresponding time period of the previous year.( Just the title and image of this record may possess been actually modified due to the Company Criterion workers the rest of the material is auto-generated coming from a syndicated feed.) Very First Published: Sep 03 2024|10:19 AM IST.