.Its own market capitalisation at Monday's closing rate endured at more than Rs 28,000 crore Image: Bloomberg2 minutes reviewed Last Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises prepares to raise as much as Rs 1,500 crore by offering equity allotments to institutional real estate investors as component of its own tactic to grow business.The company on September 2 introduced its Qualified Institutional Placement (QIP) issue to increase funds.In a governing submission behind time on Monday, Brigade Enterprises informed that a board of directors authorised the position of the QIP Concern on Monday.The board likewise authorized the flooring cost for the QIP issue at Rs 1,164.70 per equity Allotment.The business's share rate shut at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing rate stood at more than Rs 28,000 crore.In March, Brigade Enterprises had taken authorization from investors to increase funds by means of the issue of securities approximately Rs 1,500 crore.Unit Enterprises is just one of the leading real estate programmers in the country with a substantial visibility in South India.Last month, Brigade Enterprises mentioned greater than two-fold pitch in consolidated internet earnings at Rs 83.72 crore for the June fourth of the current .Its own net income stood up at Rs 38.53 crore in the year-ago duration.Overall revenue rose to Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the equivalent duration of the previous year.( Just the headline and image of this record might have been actually modified by the Company Requirement team the rest of the web content is auto-generated coming from a syndicated feed.) First Posted: Sep 03 2024|10:19 AM IST.