NPST raises Rs 300 cr from Tata MF

MUMBAI: Network People Services Technologies, a provider of digital payments and digital banking infrastructure, on Wednesday announced that it has raised over Rs 300 crore from Tata Mutual Fund.

The fundraising was done through a preferential issue fully subscribed by Tata MF, and the fund house’s holding will now increase to 9.42 per cent, as per an official statement.

The shares were allotted for Rs 2,074 per share. The NPST scrip closed 0.13 per cent down at Rs 1,534.60 apiece on the BSE on Wednesday.