.Its market capitalisation at Monday's closing rate stood at greater than Rs 28,000 crore Photo: Bloomberg2 minutes read Last Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises considers to raise as much as Rs 1,500 crore through offering equity allotments to institutional capitalists as portion of its strategy to extend service.The business on September 2 introduced its Qualified Institutional Placement (QIP) concern to increase funds.In a regulative submission late on Monday, Brigade Enterprises updated that a board of directors authorized the position of the QIP Concern on Monday.The board additionally authorized the flooring cost for the QIP concern at Rs 1,164.70 every equity Reveal.The business's share price finalized at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing rate stood up at much more than Rs 28,000 crore.In March, Brigade Enterprises had taken authorization from shareholders to increase funds with the problem of surveillances around Rs 1,500 crore.Unit Enterprises is one of the leading real estate developers in the country with a significant presence in South India.Last month, Brigade Enterprises reported more than two-fold jump in combined net earnings at Rs 83.72 crore for the June fourth of the existing .Its own web income stood up at Rs 38.53 crore in the year-ago time frame.Complete revenue rose to Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the corresponding time frame of the previous year.( Merely the headline and also image of this report might possess been reworked by the Business Requirement staff the remainder of the information is actually auto-generated from a syndicated feed.) Initial Published: Sep 03 2024|10:19 AM IST.