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 through a qualified institutional placement. The company allotted over 1.3 crore shares at Rs 1,150 each, slightly below the floor price. This funding aims to support business expansion. Brigade reported a significant rise in net profit for the June quarter.