Brigade Enterprises gets nod to raise Rs 500 crore via various means
13th Aug 2020

Brigade Enterprises has received an approval for raising of funds, inter alia, by way of issuance of equity shares, fully convertible debentures, partly convertible debentures, non-convertible debt instruments, preference shares convertible into equity shares, and/or any other financial instruments convertible into equity shares (including warrants, or otherwise, in registered or bearer form) and/or any security convertible into equity shares, combination of any of the aforementioned securities in one or more tranches through one or more public and/or private offerings, qualified institutions placement, preferential issue, rights issue and/or any combination thereof or any -other method, for an aggregate consideration of up to Rs 500 crore. The Board of Directors of the company at its Meeting held on August 12, 2020 has approved the same.

Brigade Enterprises is the flagship company of Brigade Group which is headquartered in Bangalore, Karnataka, India.