.Its market capitalisation at Monday's closing rate stood at much more than Rs 28,000 crore Picture: Bloomberg2 minutes went through Final Improved: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises plans to raise up to Rs 1,500 crore by marketing equity shares to institutional investors as portion of its own strategy to expand service.The company on September 2 launched its Qualified Institutional Placement (QIP) issue to increase funds.In a regulatory submitting behind time on Monday, Brigade Enterprises educated that a committee of supervisors authorised the opening of the QIP Problem on Monday.The door likewise approved the flooring rate for the QIP issue at Rs 1,164.70 every equity Reveal.The provider's reveal price closed at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday's closing price stood up at more than Rs 28,000 crore.In March, Brigade Enterprises had taken permission from investors to raise funds by means of the issue of securities around Rs 1,500 crore.Unit Enterprises is one of the leading real property creators in the country along with a considerable visibility in South India.Final month, Unit Enterprises reported much more than two-fold enter combined net profit at Rs 83.72 crore for the June fourth of the current .Its web earnings stood up at Rs 38.53 crore in the year-ago time period.Overall earnings cheered Rs 1,113.44 crore during the course of April-June FY25 coming from Rs 685.43 crore in the corresponding time period of the previous year.( Just the heading and picture of this report might have been actually reworked due to the Service Requirement team the remainder of the information is actually auto-generated coming from a syndicated feed.) 1st Released: Sep 03 2024|10:19 AM IST.