.Its own market capitalisation at Monday’s closing rate remained at more than Rs 28,000 crore Image: Bloomberg2 min read through Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to elevate as much as Rs 1,500 crore by offering equity reveals to institutional entrepreneurs as portion of its own strategy to extend organization.The company on September 2 launched its Qualified Institutional Positioning (QIP) problem to raise funds.In a regulatory filing late on Monday, Unit Enterprises informed that a committee of directors authorized the position of the QIP Concern on Monday.The board also accepted the flooring rate for the QIP issue at Rs 1,164.70 per equity Allotment.The business’s allotment price finalized at Rs 1,239.80 apiece 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 taken permission coming from shareholders to elevate funds through the concern of protections around Rs 1,500 crore.Brigade Enterprises is among the leading real estate creators in the nation with a considerable presence in South India.Last month, Brigade Enterprises disclosed much more than two-fold pitch in combined internet income at Rs 83.72 crore for the June fourth of the existing .Its own internet income stood at Rs 38.53 crore in the year-ago duration.Total income cheered Rs 1,113.44 crore during the course of April-June FY25 coming from Rs 685.43 crore in the corresponding period of the previous year.( Simply the title and image of this file may have been reworked by the Service Standard staff the rest of the content is auto-generated coming from a syndicated feed.) Initial Published: Sep 03 2024|10:19 AM IST.