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Brigade Enterprises launches QIP problem to raise funds as much as Rs 1,500 cr News on Markets

.Its own market capitalisation at Monday's closing cost remained at more than Rs 28,000 crore Image: Bloomberg2 min read Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises plans to increase as much as Rs 1,500 crore through selling equity reveals to institutional capitalists as part of its approach to increase service.The provider on September 2 introduced its Qualified Institutional Placement (QIP) problem to elevate funds.In a regulative filing late on Monday, Unit Enterprises updated that a board of directors authorised the position of the QIP Concern on Monday.The door also authorized the floor cost for the QIP concern at Rs 1,164.70 per equity Portion.The company's allotment rate finalized at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing price stood at greater than Rs 28,000 crore.In March, Brigade Enterprises had taken permission coming from investors to raise funds by means of the issue of protections as much as Rs 1,500 crore.Brigade Enterprises is one of the leading property designers in the nation along with a considerable visibility in South India.Final month, Brigade Enterprises reported much more than two-fold pitch in consolidated web earnings at Rs 83.72 crore for the June one-fourth of the present fiscal year.Its internet profit stood at Rs 38.53 crore in the year-ago time period.Complete revenue rose to Rs 1,113.44 crore during April-June FY25 coming from Rs 685.43 crore in the matching period of the previous year.( Merely the heading and photo of this record may possess been actually modified by the Service Standard workers the rest of the information is actually auto-generated coming from a syndicated feed.) 1st Posted: Sep 03 2024|10:19 AM IST.

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