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Brigade Enterprises Limited ( (IN:BRIGADE) ) has issued an announcement.
Brigade Enterprises Limited announced that its subsidiary, Brigade Hotel Ventures Limited (BHVL), has successfully completed its Initial Public Offering (IPO), raising ₹7,596.00 million through the issuance of 84,412,565 equity shares. As a result of this IPO, Brigade Enterprises’ equity stake in BHVL has been reduced from 95.26% to 74.09%, marking a significant change in its ownership structure. This development is expected to impact the company’s financials and market positioning, potentially enhancing its capital structure and providing more liquidity for future projects.
More about Brigade Enterprises Limited
Brigade Enterprises Limited operates in the real estate industry, focusing on property development, hospitality, and leasing services. The company is known for its residential, commercial, and hospitality projects, primarily targeting urban markets in India.
Average Trading Volume: 14,909
Technical Sentiment Signal: Sell
Current Market Cap: 247.9B INR
See more data about BRIGADE stock on TipRanks’ Stock Analysis page.