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Brigade Enterprises launches QIP problem to increase funds approximately Rs 1,500 cr Information on Markets

.Its own market capitalisation at Monday's closing rate stood at more than Rs 28,000 crore Image: Bloomberg2 min read through Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises intends to increase as much as Rs 1,500 crore by offering equity allotments to institutional financiers as part of its approach to extend organization.The company on September 2 introduced its own Qualified Institutional Positioning (QIP) concern to increase funds.In a governing declaring behind time on Monday, Unit Enterprises updated that a committee of supervisors authorized the opening of the QIP Problem on Monday.The door also permitted the floor cost for the QIP problem at Rs 1,164.70 per equity Share.The business's reveal price closed at Rs 1,239.80 each on the BSE.Its own market capitalisation at Monday's closing rate stood up at more than Rs 28,000 crore.In March, Unit Enterprises had taken authorization from shareholders to raise funds via the concern of securities approximately Rs 1,500 crore.Brigade Enterprises is among the leading real property programmers in the country along with a substantial presence in South India.Last month, Unit Enterprises stated more than two-fold jump in consolidated net profit at Rs 83.72 crore for the June quarter of the present fiscal year.Its own internet earnings stood up at Rs 38.53 crore in the year-ago duration.Complete income rose to Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the equivalent time period of the previous year.( Only the headline as well as picture of this record may possess been modified due to the Company Criterion workers the remainder of the material is actually auto-generated from a syndicated feed.) 1st Posted: Sep 03 2024|10:19 AM IST.

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