.Its market capitalisation at Monday's closing rate endured at much more than Rs 28,000 crore Graphic: Bloomberg2 min read through Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises intends to raise up to Rs 1,500 crore by marketing equity allotments to institutional real estate investors as part of its tactic to expand service.The firm on September 2 introduced its own Qualified Institutional Positioning (QIP) issue to raise funds.In a regulative declaring late on Monday, Brigade Enterprises educated that a committee of supervisors authorized the position of the QIP Concern on Monday.The board additionally authorized the floor cost for the QIP issue at Rs 1,164.70 every equity Portion.The business's share rate closed at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing price stood at greater than Rs 28,000 crore.In March, Brigade Enterprises had taken authorization coming from shareholders to raise funds with the concern of safety and securities around Rs 1,500 crore.Unit Enterprises is among the leading real property developers in the nation with a substantial presence in South India.Last month, Brigade Enterprises mentioned much more than two-fold jump in consolidated web income at Rs 83.72 crore for the June fourth of the current fiscal year.Its net earnings stood at Rs 38.53 crore in the year-ago period.Total revenue rose to Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the matching time frame of the previous year.( Merely the headline and image of this record may possess been actually revamped due to the Service Specification personnel the remainder of the material is actually auto-generated coming from a syndicated feed.) 1st Posted: Sep 03 2024|10:19 AM IST.