Company Profile

Brigade Group and IHG Hotels & Resorts, a global hospitability company, have signed a management agreement to debut the InterContinental brand in Telangana - InterContinental Hyderabad Neopolis. Slated to open in 2029, this newly constructed hotel is expected to be an integral part of Brigade’s upcoming, mixed-use development.

The world-renowned brand, InterContinental has over 220 open hotels across more than 60 countries. Commemorating its 75th Diamond Anniversary in 2021, InterContinental continues to uphold its esteemed status as the world's first and largest luxury hotel brand. In 2023, the brand reached a pipeline of 100 hotels and resorts for the first time, representing a substantial 45% growth of its current system size.

InterContinental Hyderabad Neopolis, proposed to have 300 rooms, once opened, is expected to showcase five dining options, including a signature restaurant, two specialty restaurants, and a lobby lounge. The hotel is also proposed to offer conferencing facilities, a fitness center, spa, a swimming pool, an outdoor recreation area and a retail outlet. To cater to MICE demands and large social gatherings, the hotel is proposed to feature eight meeting rooms including a spacious ballroom.

Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.

Brigade Enterprises is currently trading at Rs. 993.65, up by 10.35 points or 1.05% from its previous closing of Rs. 983.30 on the BSE.

The scrip opened at Rs. 975.15 and has touched a high and low of Rs. 999.00 and Rs. 975.15 respectively. So far 6971 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1107.65 on 07-Feb-2024 and a 52 week low of Rs. 480.65 on 17-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1016.95 and Rs. 969.15 respectively. The current market cap of the company is Rs. 22964.38 crore.

The promoters holding in the company stood at 43.75%, while Institutions and Non-Institutions held 38.74% and 17.51% respectively.

Brigade Enterprises has entered into a Joint Development Agreement (JDA) with Agni Estates & Foundations to develop Brigade Tech Boulevard, a ‘Grade A’ office space on Pallavaram-Thoraipakkam Radial Road, in Chennai. With an investment of around Rs 400 crore, the project will have a leasable area of 8.36 lakh sft. spread across two towers.

This will be the next commercial launch by Brigade Group after the successful completion of the landmark ‘World Trade Center’ on OMR. 

Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.

Brigade Enterprises has entered into a Joint Development Agreement (JDA) with Agni Estates & Foundations to develop Brigade Tech Boulevard, a ‘Grade A’ office space on Pallavaram-Thoraipakkam Radial Road, in Chennai. With an investment of around Rs 400 crore, the project will have a leasable area of 8.36 lakh sft. spread across two towers. This will be the next commercial launch by Brigade Group after the successful completion of the landmark ‘World Trade Center’ on OMR. 

Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.

Pursuant to Regulation 30, 46 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Brigade Enterprises has informed that meeting with Analysts/ Institutional Investor ‘Aberdeen Asset Management’ is scheduled on Thursday, 11th April, 2024 in One-on-One basis Virtually. 

The above information is a part of company’s filings submitted to BSE.