.Its own market capitalisation at Monday's closing price stood at greater than Rs 28,000 crore Picture: Bloomberg2 minutes went through Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises plans to raise as much as Rs 1,500 crore by offering equity shares to institutional investors as portion of its approach to extend company.The provider on September 2 launched its own Qualified Institutional Placement (QIP) issue to raise funds.In a governing submitting behind time on Monday, Brigade Enterprises updated that a committee of directors authorised the opening of the QIP Problem on Monday.The panel additionally authorized the floor rate for the QIP problem at Rs 1,164.70 every equity Reveal.The firm's share price shut at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing price stood up at greater than Rs 28,000 crore.In March, Brigade Enterprises had taken permission coming from shareholders to raise funds via the problem of surveillances up to Rs 1,500 crore.Unit Enterprises is just one of the leading real property developers in the country along with a considerable existence in South India.Last month, Brigade Enterprises reported more than two-fold jump in combined internet profit at Rs 83.72 crore for the June one-fourth of the present fiscal year.Its net income stood up at Rs 38.53 crore in the year-ago time frame.Overall profit rose to Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the corresponding duration of the previous year.( Simply the title and picture of this record may possess been actually remodelled due to the Service Criterion team the rest of the information is actually auto-generated coming from a syndicated feed.) Very First Released: Sep 03 2024|10:19 AM IST.