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

.Its own market capitalisation at Monday's closing cost remained at much more than Rs 28,000 crore Photo: Bloomberg2 minutes read Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises organizes to raise around Rs 1,500 crore through marketing equity reveals to institutional financiers as portion of its technique to increase company.The firm on September 2 introduced its Qualified Institutional Positioning (QIP) issue to raise funds.In a regulative submitting behind time on Monday, Brigade Enterprises informed that a board of directors authorised the opening of the QIP Problem on Monday.The panel also approved the floor rate for the QIP problem at Rs 1,164.70 every equity Share.The firm's reveal price closed at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing cost stood up at greater than Rs 28,000 crore.In March, Brigade Enterprises had taken permission coming from investors to raise funds via the problem of surveillances around Rs 1,500 crore.Brigade Enterprises is just one of the leading real property creators in the country along with a considerable existence in South India.Final month, Brigade Enterprises reported greater than two-fold pitch in consolidated web income at Rs 83.72 crore for the June quarter of the existing fiscal year.Its web revenue stood at Rs 38.53 crore in the year-ago period.Total revenue rose to Rs 1,113.44 crore in the course of April-June FY25 from Rs 685.43 crore in the equivalent period of the previous year.( Only the heading and photo of this record might have been modified by the Organization Requirement personnel the rest of the material is auto-generated from a syndicated feed.) 1st Posted: Sep 03 2024|10:19 AM IST.

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