Colab Cloud Platforms touches roof after forming subsidiary in Maharashtra
Colab Cloud Platforms is currently trading at its upper circuit limit of Rs 61.46, up by 1.20 points or 1.99% from its previous closing of Rs 60.26 on the BSE.
The scrip opened at Rs 60.26 and has touched a high and low of Rs 61.46 and Rs 61.46 respectively. So far 0.74 lakh shares were traded on the counter.
The BSE group 'XT' stock of face value Rs 2 has touched a 52-week high of Rs 61.46 on 24-Feb-2025 and a 52-week low of Rs 10.83 on 07-Oct-2024.
Last one week high and low of the scrip stood at Rs 61.46 and Rs 55.69 respectively. The current market cap of the company is Rs 614.65 crore.
The promoters holding in the company stood at 33.88%, while Institutions and Non-Institutions held 66.12%.
Colab Platforms has formed a wholly owned subsidiary (WOS) in the name and style as ‘Colab Sports Ventures’. The wholly owned subsidiary is incorporated in the state of Maharashtra vide Certificate of Incorporation granted by Central Registration Centre, Ministry of Corporate Affairs.
The WOS will play a pivotal role in driving the holding company's business expansion. The object clause provides a board framework for the WOS to sports goods equipment and apparels through online and off line channels.
The company is mainly engaged in Trading in Shares & Securities. It also engaged in Computer Hardware and Software Processing Jobwork.
