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Brigade Enterprises launches QIP issue to raise funds around Rs 1,500 cr News on Markets

.Its own market capitalisation at Monday's closing rate stood at more than Rs 28,000 crore Photo: Bloomberg2 min checked out Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises plans to elevate up to Rs 1,500 crore through offering equity allotments to institutional investors as part of its technique to grow organization.The business on September 2 released its own Qualified Institutional Positioning (QIP) issue to elevate funds.In a regulative submitting behind time on Monday, Unit Enterprises educated that a board of supervisors authorised the opening of the QIP Concern on Monday.The board also authorized the flooring price for the QIP issue at Rs 1,164.70 per equity Share.The business's allotment price shut at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing rate stood at more than Rs 28,000 crore.In March, Unit Enterprises had taken approval coming from shareholders to elevate funds through the issue of securities approximately Rs 1,500 crore.Brigade Enterprises is one of the leading realty programmers in the nation along with a notable presence in South India.Final month, Unit Enterprises disclosed greater than two-fold pitch in consolidated web revenue at Rs 83.72 crore for the June fourth of the present .Its own internet earnings stood up at Rs 38.53 crore in the year-ago period.Total profit cheered Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the corresponding time period of the previous year.( Only the title and image of this file might have been actually reworked due to the Company Specification team the rest of the information is actually auto-generated coming from a syndicated feed.) First Posted: Sep 03 2024|10:19 AM IST.

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