Business

Brigade Enterprises releases QIP issue to increase funds approximately Rs 1,500 cr Information on Markets

.Its own market capitalisation at Monday's closing price remained at greater than Rs 28,000 crore Picture: Bloomberg2 min checked out Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises intends to elevate around Rs 1,500 crore by selling equity portions to institutional real estate investors as portion of its strategy to expand organization.The provider on September 2 launched its Qualified Institutional Placement (QIP) problem to elevate funds.In a regulative submission late on Monday, Unit Enterprises educated that a committee of directors authorized the opening of the QIP Issue on Monday.The panel additionally authorized the flooring price for the QIP issue at Rs 1,164.70 per equity Portion.The provider's reveal cost shut at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing price stood at more than Rs 28,000 crore.In March, Unit Enterprises had actually taken permission coming from investors to increase funds through the issue of protections approximately Rs 1,500 crore.Brigade Enterprises is just one of the leading realty programmers in the country along with a considerable existence in South India.Final month, Brigade Enterprises reported greater than two-fold enter consolidated net profit at Rs 83.72 crore for the June one-fourth of the current .Its internet revenue stood at Rs 38.53 crore in the year-ago time period.Total revenue cheered Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the equivalent time period of the previous year.( Just the headline as well as image of this file may possess been revamped due to the Company Standard personnel the remainder of the content is auto-generated from a syndicated feed.) Very First Released: Sep 03 2024|10:19 AM IST.

Articles You Can Be Interested In