.Its own market capitalisation at Monday's closing rate remained at more than Rs 28,000 crore Photo: Bloomberg2 minutes reviewed Final Improved: 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 entrepreneurs as part of its method to extend business.The firm on September 2 released its Qualified Institutional Placement (QIP) concern to elevate funds.In a regulative declaring behind time on Monday, Brigade Enterprises notified that a board of directors authorised the position of the QIP Issue on Monday.The panel likewise accepted the floor rate for the QIP issue at Rs 1,164.70 every equity Portion.The business's allotment price finalized at Rs 1,239.80 apiece 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 authorization from shareholders to increase funds with the concern of safety and securities as much as Rs 1,500 crore.Brigade Enterprises is just one of the leading real estate developers in the nation with a significant visibility in South India.Last month, Brigade Enterprises stated more than two-fold jump in consolidated net earnings at Rs 83.72 crore for the June quarter of the present .Its own web income stood up at Rs 38.53 crore in the year-ago time frame.Overall profit rose to Rs 1,113.44 crore throughout April-June FY25 coming from Rs 685.43 crore in the matching time period of the previous year.( Only the headline as well as picture of this file might have been actually remodelled due to the Organization Requirement team the rest of the information is auto-generated from a syndicated feed.) 1st Released: Sep 03 2024|10:19 AM IST.