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Brigade Enterprises releases QIP issue to raise funds up to Rs 1,500 cr Updates on Markets

.Its market capitalisation at Monday's closing cost remained at greater than Rs 28,000 crore Image: Bloomberg2 minutes read Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises plans to elevate as much as Rs 1,500 crore through selling equity portions to institutional real estate investors as component of its strategy to increase organization.The firm on September 2 introduced its own Qualified Institutional Positioning (QIP) problem to raise funds.In a regulative filing behind time on Monday, Brigade Enterprises notified that a committee of supervisors authorized the position of the QIP Concern on Monday.The door additionally authorized the flooring price for the QIP issue at Rs 1,164.70 every equity Allotment.The company's share cost shut at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing rate stood up at more than Rs 28,000 crore.In March, Brigade Enterprises had taken confirmation from shareholders to raise funds via the issue of safeties as much as Rs 1,500 crore.Unit Enterprises is just one of the leading property programmers in the nation with a notable presence in South India.Last month, Brigade Enterprises mentioned greater than two-fold jump in combined net revenue at Rs 83.72 crore for the June quarter of the present .Its net revenue stood at Rs 38.53 crore in the year-ago period.Overall earnings cheered Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the matching duration of the previous year.( Only the heading as well as image of this report may have been remodelled by the Company Standard staff the rest of the material is actually auto-generated coming from a syndicated feed.) Initial Released: Sep 03 2024|10:19 AM IST.

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