.Its market capitalisation at Monday's closing cost stood at greater than Rs 28,000 crore Image: Bloomberg2 minutes went through Final Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises prepares to increase as much as Rs 1,500 crore by selling equity shares to institutional clients as portion of its tactic to expand business.The company on September 2 launched its own Qualified Institutional Positioning (QIP) concern to elevate funds.In a regulatory submission behind time on Monday, Unit Enterprises updated that a board of supervisors authorised the opening of the QIP Issue on Monday.The panel also accepted the flooring rate for the QIP concern at Rs 1,164.70 per equity Allotment.The firm's allotment rate closed at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday's closing price stood up at greater than Rs 28,000 crore.In March, Unit Enterprises had taken confirmation coming from shareholders to raise funds via the issue of safety and securities around Rs 1,500 crore.Brigade Enterprises is among the leading realty programmers in the nation along with a significant existence in South India.Final month, Unit Enterprises reported much more than two-fold pitch in combined net income at Rs 83.72 crore for the June one-fourth of the existing .Its own net earnings stood up at Rs 38.53 crore in the year-ago time period.Overall profit rose to Rs 1,113.44 crore during April-June FY25 coming from Rs 685.43 crore in the corresponding time frame of the previous year.( Just the heading and also picture of this file might possess been actually reworked by the Company Requirement personnel the rest of the web content is actually auto-generated coming from a syndicated feed.) Very First Published: Sep 03 2024|10:19 AM IST.