.Its market capitalisation at Monday's closing cost endured at much more than Rs 28,000 crore Picture: Bloomberg2 minutes checked out Final Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises considers to elevate approximately Rs 1,500 crore through marketing equity portions to institutional entrepreneurs as portion of its own strategy to grow service.The company on September 2 released its own Qualified Institutional Positioning (QIP) problem to increase funds.In a governing filing behind time on Monday, Brigade Enterprises educated that a board of directors authorized the position of the QIP Concern on Monday.The board also accepted the flooring cost for the QIP problem at Rs 1,164.70 per equity Allotment.The company's allotment rate closed at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing price stood at much more than Rs 28,000 crore.In March, Brigade Enterprises had taken permission coming from shareholders to elevate funds with the problem of protections around Rs 1,500 crore.Brigade Enterprises is just one of the leading property developers in the nation along with a considerable presence in South India.Last month, Brigade Enterprises disclosed much more than two-fold jump in consolidated internet profit at Rs 83.72 crore for the June one-fourth of the present fiscal year.Its web earnings stood at Rs 38.53 crore in the year-ago time frame.Total earnings rose to Rs 1,113.44 crore in the course of April-June FY25 coming from Rs 685.43 crore in the equivalent period of the previous year.( Simply the heading as well as picture of this report may possess been actually modified due to the Service Criterion workers the remainder of the content is actually auto-generated from a syndicated feed.) Initial Published: Sep 03 2024|10:19 AM IST.