Network People Services Technologies Ltd

• Raised ₹300 crore through preferential issue • Tata Mutual Fund subscribed fully • Issued 14,46,500 shares at ₹2,074 each • Tata Mutual Fund's stake increased to 9.42%

📈 Fundraise Details:

• The company raised over ₹300 crore by issuing 14,46,500 shares to Tata Mutual Fund via preferential allotment.
• Each share has a face value of ₹10 and was issued at ₹2,074, which includes a premium of ₹2,064.
• This allotment has been fully subscribed and approved by NSE and BSE.

👥 Shareholding Impact:

• Tata Mutual Fund is a non-promoter investor.
• Following this allotment, Tata Mutual Fund's shareholding increased to 9.42%.

💡 Purpose of Funds:

• The capital raised aims to support strategic goals including product innovation, infrastructure enhancement, and capability building in emerging technologies.
• A significant portion will be used for global expansion plans targeting regions like Africa, Middle East, Southeast Asia.
• Plans include expanding into new payment segments, enhancing digital banking, and pursuing selective acquisitions to complement their offerings.

🏦 Business Context:

• NPST operates as a technology service provider for banks, fintechs, and payment platforms.
• Since its IPO in 2021 where it raised ₹13.70 crore, the company has grown its client base from 6 banks to over 20 regulated entities.
• It handles over 18 billion transactions annually, providing digital payment infrastructure.

🔍 Perception:

• This fundraise via Tata Mutual Fund may signal confidence from a large institutional investor.
• The company's plans indicate ambition towards scaling globally and advancing technology capabilities.
• Investors might see this as positioning NPST for longer-term growth in digital payments and financial technology sectors.

⚠️ Note:

• This update is informational about capital raising and strategic plans.
• No comments are made regarding financial performance or stock price effect.