Network People Services Technologies Ltd. (NPST), a prominent player in digital payments and banking infrastructure solutions, has successfully raised over ₹300 crore through a preferential allotment of shares, fully subscribed by Tata Mutual Fund. This strategic investment marks a significant milestone for NPST as it accelerates its international growth plans and invests heavily in next-generation technologies.
Key Highlights
- NPST secures ₹300 crore from Tata Mutual Fund to drive AI-first fintech strategy.
- Funds to support global expansion, technology upgrades, and potential acquisitions in digital payments.
Under this arrangement, NPST issued 14,46,500 equity shares at ₹2,074 per share, including a premium of ₹2,064 per share. As a result of this transaction, Tata Mutual Fund now holds a 9.42% stake in the company, strengthening its position as a key investor in NPST’s growth journey.
The capital infusion will enable NPST to pursue several strategic priorities. The company aims to expand its footprint in high-growth global markets, including Africa, the Middle East, and Southeast Asia. Additionally, the funds will support the enhancement of NPST’s technology infrastructure, research and development of innovative payment solutions, and the integration of artificial intelligence into its products, reflecting its commitment to becoming an “AI-first” payments-tech company.
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Beyond organic growth, NPST is also exploring selective acquisitions to broaden its service offerings in payments, lending, and digital banking. These efforts are intended to strengthen the company’s competitive position, diversify its capabilities, and solidify its global presence in the rapidly evolving fintech ecosystem.
This investment underscores investor confidence in NPST’s business model, technological innovation, and long-term growth prospects. With this funding, NPST is well-positioned to accelerate its transformation into a global fintech leader, leveraging AI and digital-first strategies to capture new opportunities in the financial services sector.
