.Its market capitalisation at Monday’s closing price endured at more than Rs 28,000 crore Graphic: Bloomberg2 minutes checked out Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises prepares to increase around Rs 1,500 crore by marketing equity allotments to institutional investors as aspect of its own strategy to broaden service.The business on September 2 released its Qualified Institutional Placement (QIP) issue to raise funds.In a regulative declaring behind time on Monday, Brigade Enterprises informed that a committee of directors authorised the opening of the QIP Issue on Monday.The panel additionally permitted the flooring cost for the QIP concern at Rs 1,164.70 per equity Portion.The provider’s allotment price closed at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday’s closing rate stood at more than Rs 28,000 crore.In March, Brigade Enterprises had taken permission from shareholders to raise funds via the issue of securities approximately Rs 1,500 crore.Unit Enterprises is one of the leading realty creators in the country along with a notable presence in South India.Final month, Brigade Enterprises reported greater than two-fold jump in consolidated web profit at Rs 83.72 crore for the June fourth of the existing fiscal year.Its own net revenue stood up at Rs 38.53 crore in the year-ago time period.Overall earnings rose to Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the matching time period of the previous year.( Just the heading and also picture of this record may have been reworked by the Organization Standard workers the remainder of the material is actually auto-generated from a syndicated feed.) 1st Posted: Sep 03 2024|10:19 AM IST.