Mumbai (Anil Bedag): Network People Services Technologies Limited (NPST), a leading provider of digital payments and digital banking infrastructure solutions, has raised over ₹300 crore through a preferential issue from Tata Mutual Fund. Under this allotment, 14,46,500 fully paid-up equity shares were issued at ₹2,074 per share, including premium, and have received listing approval from NSE and BSE. With this investment, Tata Mutual Fund’s stake in the company will rise to 9.42%.
NPST serves as a technology partner to banks and fintech companies through its payments, collections, embedded finance and digital banking offerings. Since its IPO in 2021, the company has scaled its client base from six banks to over 20 regulated institutions. The capital raised will be utilised for product innovation, strengthening technology infrastructure and expanding AI-driven capabilities. In addition, NPST is gearing up to accelerate its global footprint across Africa, the Middle East, Southeast Asia and other high-potential digital payments markets.
The company is also pursuing inorganic growth opportunities and is evaluating potential acquisitions in payments, lending and international segments to enhance business capabilities and customer portfolios. NPST aims to position itself as an AI-first payments technology company, empowering an intelligent, efficient and customer-centric payment ecosystem for the future.
