{"id":3767,"date":"2024-09-03T08:49:59","date_gmt":"2024-09-03T03:19:59","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3767"},"modified":"2024-09-03T08:50:01","modified_gmt":"2024-09-03T03:20:01","slug":"brigade-enterprises-launches-rs-1500-crore-qip-stock-poised-for-gains","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/brigade-enterprises-launches-rs-1500-crore-qip-stock-poised-for-gains\/","title":{"rendered":"Brigade Enterprises Launches Rs 1,500 Crore QIP, Stock Poised for Gains"},"content":{"rendered":"\n<p>Brigade Enterprises is expected to see positive movement in its stock on September 3 following the launch of a Qualified Institutional Placement (QIP) to raise Rs 1,500 crore. The Bengaluru-based real estate developer has set the floor price for the QIP at Rs 1,164.70 per share, reflecting a 5.7 percent discount from its previous closing price.<\/p>\n\n\n\n<p>IIFL Securities and Kotak Mahindra Capital are acting as bankers for the issue. The funds raised will be utilized for debt repayment and land acquisition.<\/p>\n\n\n\n<p>QIP is a procedure through which companies can raise capital by issuing shares to qualified institutional investors. The board of directors had approved the QIP on February 6 and the shareholders gave their clearance on March 22, 2024. The Committee of Directors finalized the resolutions and authorized the opening of the QIP on September 2, 2024.<\/p>\n\n\n\n<p>Shares of Brigade Enterprises rose 2.2 percent to close at Rs 1,234 on the National Stock Exchange in the previous session. The stock has surged close to 38 percent year-to-date and around 95 percent in the last year against Nifty&#8217;s 30 percent gain in the same period.<\/p>\n\n\n\n<p><em>Do&nbsp;you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<\/em>media@lakshmishree.com<\/p>\n\n\n\n<p><sub><sup>Source:\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/brigade-enterprises-stock-in-focus-as-realtor-launches-qip-to-raise-rs-1500-crore-12812818.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/brigade-enterprises-stock-in-focus-as-realtor-launches-qip-to-raise-rs-1500-crore-12812818.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brigade Enterprises is expected to see positive movement in its stock on September 3 following the launch of a Qualified Institutional Placement (QIP) to raise Rs 1,500 crore. The Bengaluru-based real estate developer has set the floor price for the QIP at Rs 1,164.70 per share, reflecting a 5.7 percent discount from its previous closing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[320,322],"class_list":["post-3767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-500-crore-qip","tag-brigade-enterprises"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3767"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3767\/revisions"}],"predecessor-version":[{"id":3769,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3767\/revisions\/3769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3768"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}