.Its own market capitalisation at Monday's closing cost endured at greater than Rs 28,000 crore Photo: Bloomberg2 minutes read through Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises plans to increase as much as Rs 1,500 crore through marketing equity portions to institutional financiers as component of its technique to increase business.The business on September 2 released its Qualified Institutional Placement (QIP) problem to raise funds.In a governing submitting behind time on Monday, Unit Enterprises updated that a committee of directors authorised the opening of the QIP Problem on Monday.The board also approved the flooring rate for the QIP problem at Rs 1,164.70 every equity Reveal.The company's portion cost finalized at Rs 1,239.80 apiece on the BSE.Its market capitalisation at Monday's closing price stood up at greater than Rs 28,000 crore.In March, Brigade Enterprises had actually taken confirmation from shareholders to elevate funds through the problem of protections as much as Rs 1,500 crore.Brigade Enterprises is among the leading property developers in the nation with a substantial existence in South India.Final month, Unit Enterprises stated more than two-fold enter combined net income at Rs 83.72 crore for the June fourth of the current .Its net profit stood up at Rs 38.53 crore in the year-ago time frame.Complete income cheered Rs 1,113.44 crore during the course of April-June FY25 from Rs 685.43 crore in the corresponding time frame of the previous year.( Merely the title and also photo of this document may have been actually remodelled by the Service Standard team the remainder of the information is actually auto-generated coming from a syndicated feed.) 1st Posted: Sep 03 2024|10:19 AM IST.