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

Brigade Enterprises, headquartered in Bengaluru, has initiated a Qualified Institutional Placement (QIP) issue to raise up to Rs 1,500 crore for business expansion. The floor price per share is set at Rs 1,164.70. This follows a strong quarterly financial performance, with net profit more than doubling to Rs 83.72 crore this June quarter.