.Its market capitalisation at Monday's closing cost stood at more than Rs 28,000 crore Photo: Bloomberg2 min read through Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises considers to raise as much as Rs 1,500 crore by offering equity portions to institutional clients as portion of its approach to grow organization.The provider on September 2 introduced its Qualified Institutional Placement (QIP) problem to increase funds.In a regulatory filing late on Monday, Unit Enterprises educated that a committee of supervisors authorized the position of the QIP Issue on Monday.The panel likewise permitted the flooring cost for the QIP concern at Rs 1,164.70 per equity Portion.The firm's allotment cost finalized at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing cost stood at much more than Rs 28,000 crore.In March, Brigade Enterprises had taken authorization from shareholders to increase funds by means of the problem of securities around Rs 1,500 crore.Unit Enterprises is among the leading property developers in the nation along with a considerable existence in South India.Final month, Unit Enterprises stated more than two-fold enter combined web profit at Rs 83.72 crore for the June fourth of the present fiscal year.Its internet income stood at Rs 38.53 crore in the year-ago period.Total profit rose to Rs 1,113.44 crore throughout April-June FY25 coming from Rs 685.43 crore in the equivalent time frame of the previous year.( Only the headline and also picture of this report might have been actually revamped due to the Business Criterion staff the rest of the information is auto-generated from a syndicated feed.) 1st Published: Sep 03 2024|10:19 AM IST.