.Its market capitalisation at Monday's closing cost remained at more than Rs 28,000 crore Image: Bloomberg2 min reviewed Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises intends to increase approximately Rs 1,500 crore by offering equity portions to institutional real estate investors as component of its technique to expand business.The firm on September 2 introduced its own Qualified Institutional Positioning (QIP) issue to increase funds.In a governing filing late on Monday, Brigade Enterprises updated that a board of directors authorized the opening of the QIP Issue on Monday.The panel additionally permitted the flooring price for the QIP concern at Rs 1,164.70 per equity Allotment.The company's share rate closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing price stood up at greater than Rs 28,000 crore.In March, Unit Enterprises had taken authorization from shareholders to elevate funds via the concern of safety and securities around Rs 1,500 crore.Brigade Enterprises is among the leading real property developers in the nation with a considerable visibility in South India.Last month, Brigade Enterprises reported much more than two-fold enter consolidated web revenue at Rs 83.72 crore for the June fourth of the present .Its net earnings stood up at Rs 38.53 crore in the year-ago time frame.Complete profit cheered Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the matching time period of the previous year.( Simply the heading and also image of this file may possess been remodelled due to the Service Criterion personnel the rest of the information is actually auto-generated from a syndicated feed.) Initial Posted: Sep 03 2024|10:19 AM IST.