Network People Services Technologies Ltd. (NPST) has secured over Rs 300 crore through a preferential issue, fully subscribed by Tata Mutual Fund. The fresh capital will support NPST’s product innovation, technology infrastructure upgrades, global expansion, capability building in emerging technologies, and potential acquisitions as part of its broader growth strategy.
The company has received listing approval from both the NSE and BSE for 14,46,500 fully paid equity shares of face value Rs 10, allotted at Rs 2,074 per share, including a premium of Rs 2,064. Following the allotment, Tata Mutual Fund’s stake in NPST will increase to 9.42 per cent.
NPST, a provider of digital payments and banking infrastructure to banks, fintech companies, and payment platforms, went public in 2021, raising Rs 13.70 crore through its initial public offering. Since then, the company has expanded its client base from six banks to more than 20 regulated institutions, broadening its product portfolio and strengthening its position in the digital financial services sector.
The preferential issue proceeds will fund the company’s global expansion into regions such as Africa, the Middle East, and Southeast Asia, where digital payments adoption is rapidly increasing. NPST also plans to extend its payments platform into new market segments, including collections, embedded finance, and digital banking.
In addition to organic growth, the company is exploring acquisitions that complement its expertise in payments, lending, and international markets, aiming to build a diversified global portfolio.
Deepak Chand Thakur, Chairman and Managing Director, NPST, said, “The participation of Tata Mutual Fund is a strong endorsement of the progress we have made and positions us to capture the next phase of growth. Our focus is to evolve into an AI-first payments technology company that brings smarter risk controls, better customer experiences, and more efficient processing to our partners.”
The issue was completed through private placement on a preferential basis in accordance with the Companies Act of 2013 and SEBI regulations.
Incorporated in 2013, NPST continues to offer a suite of digital banking and payment solutions to a wide range of financial sector participants, processing over 18 billion transactions annually.
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