.Its own market capitalisation at Monday's closing rate remained at much more than Rs 28,000 crore Image: Bloomberg2 min read Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises prepares to increase as much as Rs 1,500 crore by offering equity shares to institutional financiers as portion of its own method to increase business.The company on September 2 launched its own Qualified Institutional Placement (QIP) issue to elevate funds.In a regulative filing behind time on Monday, Unit Enterprises updated that a board of supervisors authorised the position of the QIP Issue on Monday.The door likewise permitted the floor rate for the QIP concern at Rs 1,164.70 every equity Portion.The firm's portion cost shut at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing cost stood at greater than Rs 28,000 crore.In March, Brigade Enterprises had taken approval coming from investors to increase funds through the concern of safeties up to Rs 1,500 crore.Brigade Enterprises is among the leading realty programmers in the nation along with a notable visibility in South India.Last month, Brigade Enterprises reported much more than two-fold pitch in consolidated internet profit at Rs 83.72 crore for the June quarter of the current .Its internet income stood at Rs 38.53 crore in the year-ago period.Overall revenue rose to Rs 1,113.44 crore throughout April-June FY25 coming from Rs 685.43 crore in the equivalent duration of the previous year.( Only the headline as well as picture of this report may possess been remodelled due to the Service Standard team the rest of the information is auto-generated coming from a syndicated feed.) Very First Published: Sep 03 2024|10:19 AM IST.