Business

Brigade Enterprises releases QIP problem to increase funds as much as Rs 1,500 cr Information on Markets

.Its market capitalisation at Monday's closing price endured at much more than Rs 28,000 crore Graphic: Bloomberg2 minutes checked out Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises prepares to increase up to Rs 1,500 crore through selling equity shares to institutional real estate investors as part of its technique to expand company.The business on September 2 released its Qualified Institutional Positioning (QIP) concern to raise funds.In a governing declaring behind time on Monday, Unit Enterprises informed that a committee of directors authorised the opening of the QIP Issue on Monday.The board additionally permitted the floor rate for the QIP issue at Rs 1,164.70 per equity Reveal.The business's share cost finalized at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing rate stood up at more than Rs 28,000 crore.In March, Unit Enterprises had taken confirmation coming from investors to increase funds by means of the problem of protections around Rs 1,500 crore.Brigade Enterprises is one of the leading property developers in the nation along with a considerable existence in South India.Final month, Brigade Enterprises mentioned more than two-fold jump in consolidated net profit at Rs 83.72 crore for the June fourth of the present .Its net earnings stood at Rs 38.53 crore in the year-ago period.Total profit rose to Rs 1,113.44 crore throughout April-June FY25 from Rs 685.43 crore in the corresponding time period of the previous year.( Just the title and also picture of this record may possess been actually modified by the Company Specification personnel the rest of the content is auto-generated from a syndicated feed.) First Released: Sep 03 2024|10:19 AM IST.

Articles You Can Be Interested In