Bengaluru, Oct. 14 -- This leading technology platform provider, known for developing collaborative digital solutions, is expanding its footprint in the fast-growing artificial intelligence industry. The company plans to incorporate a wholly owned subsidiary, aiming to strengthen its presence and capitalize on opportunities within the rapidly emerging USD 200 billion AI sector.

Colab Platforms Limited's stock, with a market capitalisation of Rs. 3,047 crores, rose to Rs. 149.40, hitting the intraday upper circuit, up 2 percent from its previous closing price of Rs. 146.50. Furthermore, the stock over the past year has given a return of 2,156 percent.

Recent Developments

The company has decided to set up a new wholly owned subsidiary ca...