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Brigade Enterprises moves up on raising Rs 500 crore through QIP

05 May 2017 Evaluate

Brigade Enterprises is currently trading at Rs. 241.30, up by 0.85 points or 0.35% from its previous closing of Rs. 240.45 on the BSE.

The scrip opened at Rs. 242.90 and has touched a high and low of Rs. 245.55 and Rs. 238.00 respectively. So far 21913 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 260.00 on 26-Apr-2017 and a 52 week low of Rs. 145.00 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 254.00 and Rs. 238.10 respectively. The current market cap of the company is Rs. 3285.27 crore.

The promoters holding in the company stood at 55.97%, while Institutions and Non-Institutions held 12.84% and 31.20% respectively.

Brigade Enterprises has successfully raised Rs 500 crore via private placement of shares to institutional investors. The company has allotted 2,19,78,021 equity shares to qualified institutional buyers at Rs 227.50 apiece. The qualified institutional placement (QIP) issue opened on April 25 and closed on April 28.

As many as 40 investors took part in the QIP issue including Kotak Funds, Kuwait Investment Authority Fund, HSBC fund, BNP Paribas Arbitrage, Kotak Mahindra, ICICI Prudential, Max Life Insurance Company, Sundaram Mutual Fund, Franklin India and Government Pension Fund Global.

Brigade Group is one of the India’s leading Real Estate player headquartered in Bangalore has over the past 29 years created many landmarks and innovative projects across South India.

Brigade Enterprises Share Price

739.95 0.90 (0.12%)
16-Apr-2026 13:08 View Price Chart
Peers
Company Name CMP
Lodha Developers 863.85
Dilip Buildcon 451.50
DLF 586.65
Oberoi Realty 1704.60
Ahluwalia Contract(I 814.95
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