Brigade Enterprises cancels ₹180 crore fundraise through warrants issue from promoters

Brigade Enterprises’ board of directors, after their meeting on Friday, July 17, announced that the promoter group entity has decided to withdraw the proposed subscription of convertible warrants against which the company was looking to raise funds, according to an exchange filing.

“The board of directors in its meeting held today approved the withdrawal the preferential issue of convertible warrants to the promoter group entity,” the company informed the stock exchanges on July 17.

The company also disclosed that the promoter group entity, Mysore Holdings Private Ltd, had earlier shown interest in subscribing to the convertible share warrants of the firm, for which the board gave its approval on July 15.

The latest NSE update showed that the promoter has decided to withdraw its proposed subscription of convertible warrants, citing a ‘deference’ in sentiments expressed by the funds and the investors.

Brigade Enterprises shares closed 2.13% higher at ₹566.65 after Friday’s market session, compared to ₹554.85 at the previous market session, according to NSE data.

What was the fundraising deal?

As per the original details of the warrants issue, Brigade Enterprises was set to issue up to 34,23,000 or 34.23 lakh convertible warrants, which were eligible for conversion into equity shares at a price of ₹526 apiece, NSE filings showed.

The company filings also showed that the share warrants issue was at a price of ₹526 per share with a face value of ₹10 apiece as the firm aimed to raise around ₹180,04,98,000 or 180.04 crore from the promoter group entity.

Brigade Enterprises record date

On July 15, Brigade Enterprises announced that the board has fixed the official record date for the final dividend issue to determine the eligibility of the shareholders, according to an exchange filing.

As per NSE data, Brigade Enterprises fixed the record date for the final dividend issue on Wednesday, August 5, 2026. All eligible shareholders will receive a dividend payment of ₹2 per share up to one day ahead of the predetermined record date of the corporate action.

The company’s board of directors recommended a ₹2 per share final dividend issue with a face value of ₹10 apiece for the financial year ended 2025-26. The dividend issue is set to receive the shareholders' approval in the upcoming annual general meeting (AGM) on Thursday, August 13, 2026.

How have Brigade Enterprises shares performed?

Brigade Enterprises shares have delivered more than 122% returns to investors in the last five years, and over 28% gains in the last three years, according to NSE data. However, the company shares have lost 33% in the past one year.

So far in the calendar year 2026, the company’s stock dropped 16% and was flat over the last one-month period, according to the exchange data. In the last five trading sessions, the stock was trading 1.5% lower on NSE.

Shares of the company surged to their 52-week high of ₹856.50 on July 17, 2025, while the 52-week low was at ₹450.75 on March 23, 2026. The company’s market capitalisation (m-cap) was at ₹18,460 crore as of the stock market close on Friday, July 17, 2026.