Network People Services Technologies Secures ₹300 Crore from Tata Mutual Fund
Filing Summary
Network People Services Technologies Ltd (NPST) has raised over ₹300 crore through a preferential allotment to Tata Mutual Fund. The allotment includes 14,46,500 fully paid-up equity shares at ₹2,074 per share, with a premium of ₹2,064. This transaction increases Tata Mutual Fund’s shareholding in NPST to 9.42%. The funds will be used for product innovation, infrastructure enhancement, and global expansion. The issuance complies with the Companies Act, 2013, and SEBI ICDR Regulations. NPST aims to strengthen its position in digital payments and banking infrastructure.
Network People Services Technologies Ltd (NPST) has announced the successful raising of over ₹300 crore through a preferential allotment to Tata Mutual Fund. This transaction was confirmed via a press release dated December 03, 2025. The funds were raised through the issuance of 14,46,500 fully paid-up equity shares, which have been approved for listing on both the NSE and BSE.
The shares were issued at a price of ₹2,074 per share, which includes a premium of ₹2,064. This preferential allotment was fully subscribed by Tata Mutual Fund, a non-promoter investor. As a result of this transaction, Tata Mutual Fund’s shareholding in NPST will increase to 9.42%. The issuance was conducted in full compliance with the Companies Act, 2013, and SEBI ICDR Regulations.
NPST operates as a technology service partner to banks, fintechs, and payment platforms. The company plans to utilize the raised funds for strategic priorities such as product innovation, infrastructure enhancement, and capability building in emerging technologies. A significant portion of the capital will support NPST’s global expansion plans, targeting markets in Africa, the Middle East, and Southeast Asia. The company aims to extend its payments platform into new segments and regions, focusing on collections, embedded finance, and digital banking.
NPST’s strategic focus includes tapping into inorganic growth by acquiring businesses, products, and accounts that complement its capabilities in payments, lending, and international markets. This aligns with the company’s objective of building a robust and diversified global portfolio. The company has expanded its client base from six banks to over twenty regulated entities since its IPO in 2021, where it raised ₹13.70 crore.
The issuance was carried out via private placement on a preferential basis. The transaction was completed in accordance with the relevant regulatory frameworks, ensuring compliance with all necessary legal and financial guidelines. The funds will be directed towards enhancing NPST’s product capabilities and exploring selective acquisitions to support its expansion across high-opportunity markets.
Tata Mutual Fund is a prominent player in the Indian mutual fund industry, known for its diverse range of investment products. The fund’s participation in this transaction reflects its strategic interest in the digital payments and banking infrastructure sector.
Network People Services Technologies Ltd, incorporated in 2013, is a leading provider of digital banking and payments technology solutions in India. The company offers an integrated suite of services, including UPI, IMPS, and BBPS integrations, as well as merchant acquiring and AI-enabled fraud management solutions. NPST is committed to advancing India’s digital payments ecosystem through its technology-first approach.