<ul data-eligibleForWebStory="false">Brigade Enterprises' board of directors approved the issuance of non-convertible debentures worth up to Rs 1,500 crore.The real estate developer will raise the funds through private placement, subject to regulatory approvals.Brigade Enterprises recently expanded into the Chennai market with a project on land acquired for Rs 441.7 crore.Shares of Brigade Enterprises closed 2.06% higher on the National Stock Exchange before the announcement.