Business

Brigade Enterprises introduces QIP issue to raise funds up to Rs 1,500 cr Information on Markets

.Its market capitalisation at Monday's closing price remained at greater than Rs 28,000 crore Picture: Bloomberg2 minutes read through Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises prepares to elevate up to Rs 1,500 crore by marketing equity portions to institutional clients as component of its approach to expand business.The firm on September 2 released its own Qualified Institutional Placement (QIP) problem to raise funds.In a governing submission behind time on Monday, Unit Enterprises notified that a committee of supervisors authorised the position of the QIP Issue on Monday.The board also authorized the flooring price for the QIP issue at Rs 1,164.70 per equity Reveal.The business's portion price shut at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing cost stood at more than Rs 28,000 crore.In March, Unit Enterprises had taken confirmation from shareholders to elevate funds with the issue of surveillances as much as Rs 1,500 crore.Brigade Enterprises is one of the leading property developers in the country along with a considerable existence in South India.Final month, Brigade Enterprises disclosed much more than two-fold jump in consolidated internet revenue at Rs 83.72 crore for the June fourth of the existing fiscal year.Its internet revenue stood up at Rs 38.53 crore in the year-ago period.Complete earnings cheered Rs 1,113.44 crore throughout April-June FY25 coming from Rs 685.43 crore in the corresponding time frame of the previous year.( Just the headline as well as image of this report may have been remodelled due to the Organization Standard team the remainder of the information is auto-generated from a syndicated feed.) Very First Released: Sep 03 2024|10:19 AM IST.