.Its market capitalisation at Monday’s closing cost endured at more than Rs 28,000 crore Graphic: Bloomberg2 min checked out Final Updated: Sep 03 2024|10:19 AM IST.Bengaluru-based Unit Enterprises plans to raise approximately Rs 1,500 crore through selling equity portions to institutional clients as portion of its technique to increase service.The business on September 2 released its Qualified Institutional Positioning (QIP) concern to elevate funds.In a regulatory submission behind time on Monday, Unit Enterprises informed that a board of directors authorised the opening of the QIP Concern on Monday.The panel likewise approved the flooring cost for the QIP concern at Rs 1,164.70 per equity Reveal.The firm’s share price finalized at Rs 1,239.80 each on the BSE.Its market capitalisation at Monday’s closing price stood at greater than Rs 28,000 crore.In March, Unit Enterprises had actually taken confirmation coming from investors to elevate funds with the problem of securities around Rs 1,500 crore.Unit Enterprises is just one of the leading realty developers in the nation with a substantial presence in South India.Last month, Unit Enterprises stated much more than two-fold jump in consolidated net income at Rs 83.72 crore for the June one-fourth of the current fiscal year.Its own net earnings stood at Rs 38.53 crore in the year-ago period.Overall earnings rose to Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the matching time frame of the previous year.( Only the headline and also picture of this record might possess been reworked due to the Organization Criterion personnel the remainder of the material is auto-generated coming from a syndicated feed.) 1st Released: Sep 03 2024|10:19 AM IST.