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The Economic Times

Brigade Enterprises raises Rs 1,500 cr by selling shares via QIP

Bengaluru-based Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its qualified institutional placement (QIP) issue to raise funds. The issue closed on September 5.

Business Standard

Brigade Enterprises raises Rs 1,500 crore by selling shares via QIP

Bengaluru-based Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its qualified institutional placement (QIP) issue to raise funds. The issue closed on September 5. In a regulatory filing on Friday, Brigade Enterprises said a committee of directors approved the allotment of 1,30,43,478 equity shares to eligible qualified institutional buyers. The shares were allotted at an issue price of Rs 1,150 per equity share. Hence, the company raised Rs 1,500 crore through the QIP route. The shares were issued at a discount of 1.26 per cent of the floor price of Rs 1,164.70 per equity share. In March, Brigade Enterprises had taken shareholders' approval to raise funds through the issue of securities up to Rs 1,500 crore. Brigade Enterprises is one of the leading real estate developers in the country with a significant presence in south India. Last month, Brigade

Business Line

Stocks that will see action today: September 6, 2024

Buzzing stocks: Adani Enterprises, Infosys, KEC International, Ashok Buildcon, NLC India, Pidilite Industries, Venus Pipesk Brigade Enterprises

CNBC TV18

Brigade Enterprises closes ₹1,500 crore QIP — Goldman Sachs, Smallcap World Fund issued shares

Brigade Enterprises has approved the allotment of 1.3 crore equity shares to eligible Qualified Institutional Buyers at an issue price of ₹1,150 per share, which is a 1.3% discount to the floor price of ₹1,164.7 per share.

CNBC TV18

Brigade Enterprises launches QIP to raise ₹1,500 crore, stock rises

The proceeds from this placement will be used by the Bengaluru-based real estate developer for debt repayment and land acquisition.

Business Standard

Brigade Enterprises launches QIP issue to raise funds up to Rs 1,500 cr

Bengaluru-based Brigade Enterprises plans to raise up to Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its Qualified Institutional Placement (QIP) issue to raise funds. In a regulatory filing late on Monday, Brigade Enterprises informed that a committee of directors authorised the opening of the QIP Issue on Monday. The panel also approved the floor price for the QIP issue at Rs 1,164.70 per equity Share. The company's share price closed at Rs 1,239.80 apiece on the BSE. Its market capitalisation at Monday's closing price stood at more than Rs 28,000 crore. In March, Brigade Enterprises had taken approval from shareholders to raise funds through the issue of securities up to Rs 1,500 crore. Brigade Enterprises is one of the leading real estate developers in the country with a significant presence in South India. Last month, Brigade Enterprises reported more than two-fold jump i

The Economic Times

Urban Vault leases 1 lakh sq ft of prime office space in Brigade Summit, Whitefield, Bengaluru

Urban Vault has leased 100,000 sq ft of office space in Bengaluru's Whitefield to expand its managed co-working operations. The new facility will accommodate over 2,000 desks. Urban Vault currently operates over 20 lakh sq ft of office space and plans to enter Pune, Gurugram, and Hyderabad markets by FY25.

Business Standard

Brigade Group launches ibis Styles Mysuru in partnership with Accor

ibis Styles Mysuru seeks to redefine hospitality with its fusion of contemporary design and cultural nuances. The hotel's interiors draw inspiration from the vibrant birds of Ranganathittu Bird Sanctuary, creating a welcoming atmosphere for guests. With 130 well-designed rooms, ibis Styles Mysuru caters to a variety of needs, offering comfortable accommodation for travelers. The hotel's 30 suites feature designated kitchenettes, private balconies, spacious living areas, and family-friendly rooms. The hotel also houses a dedicated children's play area.

Business Line

Brigade Enterprises reports 62% increase in revenue for Q1 FY25

Profit after tax for the quarter was ₹80.53 crore

Business Line

Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of Brigade Enterprises, Laurus Labs and Muthoot Finance