Colab Platforms Announces Stock Split and Entry into Predictive Gaming. The share's face value has been reduced from ₹2 to ₹1, benefiting smaller investors.
Stock Market: Sports tech company Colab Platforms has announced a stock split, its second. This decision, made following a board meeting on April 2nd, 2025, will reduce the face value of its shares from ₹2 to ₹1, effectively granting investors two shares for every one held. While the overall share value remains unchanged, this move simplifies investment for smaller investors. The split will be implemented after shareholder approval.
New Business Venture: Predictive Gaming
Colab Platforms is entering the rapidly growing predictive gaming market. This sector boasts over 50 million users and transactions exceeding ₹50,000 crore. The company believes this expansion will strengthen its digital business and propel future growth.
Significant Share Price Increase: 4859% Return
Colab Platforms' share price reached its 52-week high on April 2nd, 2025. On Wednesday, it traded at ₹98.69, a 1.99% increase from the previous closing price. Since the beginning of 2025, the share has shown a 219% increase, while the six-month return stands at 682%. Over the past five years, the share has delivered a remarkable 4859% return, a significant achievement for investors.
Future Prospects
Colab Platforms' stock split and expansion into predictive gaming have generated positive investor sentiment. This move will contribute to a ber and more diversified business model. Further growth in this sector is anticipated. The company will soon announce the effective date of the stock split, benefiting investors.
