.Its market capitalisation at Monday's closing price stood at much more than Rs 28,000 crore Picture: Bloomberg2 min checked out Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises plans to elevate around Rs 1,500 crore through selling equity allotments to institutional real estate investors as part of its tactic to extend company.The firm on September 2 released its own Qualified Institutional Placement (QIP) problem to increase funds.In a regulative filing behind time on Monday, Brigade Enterprises updated that a board of directors authorized the position of the QIP Concern on Monday.The panel likewise approved the flooring price for the QIP issue at Rs 1,164.70 every equity Allotment.The provider's reveal price finalized at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing rate stood at greater than Rs 28,000 crore.In March, Unit Enterprises had taken approval coming from investors to increase funds with the issue of safeties as much as Rs 1,500 crore.Unit Enterprises is among the leading property developers in the country with a notable existence in South India.Last month, Unit Enterprises reported much more than two-fold jump in combined net income at Rs 83.72 crore for the June fourth of the existing fiscal year.Its own internet profit stood at Rs 38.53 crore in the year-ago period.Overall profit rose to Rs 1,113.44 crore in the course of April-June FY25 from Rs 685.43 crore in the matching duration of the previous year.( Only the heading and image of this record may have been actually reworked due to the Service Requirement staff the rest of the web content is actually auto-generated from a syndicated feed.) Very First Released: Sep 03 2024|10:19 AM IST.