Colab Platforms touches roof on signing non-binding MoU with RRP Drones
Colab Platforms is currently trading at upper limit of Rs. 106.85, up by 2.09 points or 2.00% from its previous closing of Rs. 104.76 on the BSE.
The scrip opened at Rs. 106.85 and has touched a high and low of Rs. 106.85 and Rs. 106.85 respectively. So far 113996 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 106.85 on 18-Sep-2025 and a 52 week low of Rs. 5.42 on 07-Oct-2024.
Last one week high and low of the scrip stood at Rs. 106.85 and Rs. 98.73 respectively. The current market cap of the company is Rs. 2179.74 crore.
The promoters holding in the company stood at 33.88%, while Non-Institutions held 66.12% stake in the company.
Colab Platforms has signed a non-binding Memorandum of Understanding (MoU) with RRP Drones Innovation, RRP Group Company (RRP Drones). This marks the company’s entry into an entirely new technology vertical that aligns with its strategy of building future-ready platforms in sunrise industries.
The proposed partnership aims to establish a Special Purpose Vehicle (SPV) for the development, manufacturing, and deployment of AI-powered autonomous drones with applications spanning Border Security surveillance, Industrial sites, Law Enforcement, Agriculture & Environment Protection. By joining hands with RRP Drones, the company is expanding from digital, sports, fintech and esports platforms into aerospace & drone technology, a sector projected to scale rapidly in India and globally.
Colab Platforms (formerly known as Colab Cloud Platforms) is mainly engaged in Trading in Shares & Securities. It also engaged in Computer Hardware and Software Processing Jobwork.
