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Brigade Enterprises Limited ( (IN:BRIGADE) ) has shared an announcement.
Brigade Enterprises Limited, through its wholly owned subsidiary Brigade Hotel Ventures Limited (BHVL), has entered into an investment agreement with investors to raise Rs. 126 Crores. This agreement will result in BHVL ceasing to be a wholly owned subsidiary but will remain a subsidiary of Brigade Enterprises. The investment involves issuing 1.40 crore equity shares to 360 ONE Funds, reducing Brigade’s ownership in BHVL to 95.26%. This strategic move is expected to impact the company’s financial structure and market positioning, potentially enhancing its operational capabilities and investment appeal.
More about Brigade Enterprises Limited
Average Trading Volume: 11,772
Current Market Cap: 267.7B INR
For a thorough assessment of BRIGADE stock, go to TipRanks’ Stock Analysis page.