.Its market capitalisation at Monday's closing cost stood at more than Rs 28,000 crore Graphic: Bloomberg2 min checked out Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises plans to raise as much as Rs 1,500 crore through offering equity reveals to institutional capitalists as aspect of its own approach to increase business.The firm on September 2 launched its own Qualified Institutional Placement (QIP) issue to elevate funds.In a regulatory submission behind time on Monday, Unit Enterprises notified that a board of directors authorized the opening of the QIP Issue on Monday.The door also authorized the flooring rate for the QIP concern at Rs 1,164.70 every equity Portion.The business's allotment price shut at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing rate stood up at much more than Rs 28,000 crore.In March, Unit Enterprises had actually taken authorization from shareholders to elevate funds with the concern of safeties as much as Rs 1,500 crore.Unit Enterprises is among the leading realty designers in the country with a notable existence in South India.Last month, Brigade Enterprises reported more than two-fold pitch in consolidated net earnings at Rs 83.72 crore for the June quarter of the current .Its own web earnings stood at Rs 38.53 crore in the year-ago time frame.Total income cheered Rs 1,113.44 crore in the course of April-June FY25 from Rs 685.43 crore in the corresponding time frame of the previous year.( Merely the headline and photo of this report might possess been modified due to the Organization Standard team the rest of the content is actually auto-generated coming from a syndicated feed.) Initial Released: Sep 03 2024|10:19 AM IST.