.Its own market capitalisation at Monday’s closing rate stood at much more than Rs 28,000 crore Graphic: Bloomberg2 minutes read through Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises organizes to elevate approximately Rs 1,500 crore through offering equity portions to institutional clients as aspect of its own technique to increase company.The company on September 2 introduced its Qualified Institutional Positioning (QIP) concern to increase funds.In a regulatory filing late on Monday, Brigade Enterprises educated that a board of supervisors authorised the position of the QIP Issue on Monday.The door additionally permitted the floor cost for the QIP issue at Rs 1,164.70 every equity Share.The business’s portion rate closed at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday’s closing rate stood up at greater than Rs 28,000 crore.In March, Brigade Enterprises had taken confirmation coming from investors to increase funds by means of the concern of protections up to Rs 1,500 crore.Brigade Enterprises is just one of the leading realty programmers in the nation along with a considerable existence in South India.Last month, Brigade Enterprises disclosed much more than two-fold enter consolidated web profit at Rs 83.72 crore for the June one-fourth of the current .Its net profit stood up at Rs 38.53 crore in the year-ago duration.Overall profit cheered Rs 1,113.44 crore during April-June FY25 coming from Rs 685.43 crore in the corresponding time frame of the previous year.( Just the heading and also photo of this report might possess been actually reworked due to the Business Standard personnel the rest of the content is auto-generated coming from a syndicated feed.) 1st Released: Sep 03 2024|10:19 AM IST.