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Brigade Enterprises launches QIP issue to increase funds approximately Rs 1,500 cr Headlines on Markets

.Its own market capitalisation at Monday's closing price remained at greater than Rs 28,000 crore Image: Bloomberg2 minutes went through Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises considers to raise up to Rs 1,500 crore by marketing equity reveals to institutional financiers as part of its own method to increase company.The company on September 2 introduced its Qualified Institutional Positioning (QIP) concern to increase funds.In a governing submission behind time on Monday, Unit Enterprises notified that a committee of directors authorised the position of the QIP Concern on Monday.The door likewise authorized the flooring rate for the QIP issue at Rs 1,164.70 per equity Allotment.The firm's allotment cost shut at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing cost stood up at much more than Rs 28,000 crore.In March, Brigade Enterprises had actually taken permission coming from shareholders to elevate funds through the issue of safety and securities around Rs 1,500 crore.Unit Enterprises is among the leading realty developers in the country along with a significant presence in South India.Final month, Unit Enterprises stated more than two-fold pitch in combined internet earnings at Rs 83.72 crore for the June quarter of the present .Its own internet profit stood up at Rs 38.53 crore in the year-ago duration.Overall income cheered Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the matching period of the previous year.( Just the heading and also picture of this file might possess been actually revamped by the Company Requirement team the remainder of the information is actually auto-generated coming from a syndicated feed.) Initial Published: Sep 03 2024|10:19 AM IST.