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Brigade Enterprises introduces QIP problem to raise funds around Rs 1,500 cr Information on Markets

.Its market capitalisation at Monday's closing price remained at greater than Rs 28,000 crore Image: Bloomberg2 min checked out Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises plans to elevate up to Rs 1,500 crore through marketing equity portions to institutional clients as aspect of its technique to expand company.The firm on September 2 launched its own Qualified Institutional Placement (QIP) issue to elevate funds.In a regulative declaring late on Monday, Unit Enterprises notified that a board of directors authorized the opening of the QIP Problem on Monday.The door also permitted the flooring price for the QIP problem at Rs 1,164.70 every equity Portion.The company's share rate closed at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing cost stood at more than Rs 28,000 crore.In March, Unit Enterprises had taken approval coming from investors to elevate funds through the problem of protections around Rs 1,500 crore.Unit Enterprises is one of the leading realty programmers in the nation with a notable visibility in South India.Final month, Unit Enterprises reported much more than two-fold pitch in consolidated internet earnings at Rs 83.72 crore for the June fourth of the existing fiscal year.Its own internet profit stood up at Rs 38.53 crore in the year-ago duration.Total earnings cheered Rs 1,113.44 crore during the course of April-June FY25 coming from Rs 685.43 crore in the equivalent time frame of the previous year.( Merely the headline and image of this record might have been actually remodelled by the Company Requirement staff the remainder of the web content is auto-generated coming from a syndicated feed.) Very First Published: Sep 03 2024|10:19 AM IST.

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