New Delhi, Dec. 3 -- Network People Services Technologies (NPST), a prominent force in the digital payments and banking infrastructure sector, on Wednesday announced a major capital infusion, successfully raising over Rs.300 crore through a preferential allotment to Tata Mutual Fund. This significant investment is poised to accelerate NPST's strategic initiatives, including aggressive global expansion, enhanced product innovation, and a core pivot towards becoming an AI-first technology company, the company said in an official exchange filing.

The preferential issue, which has received all necessary listing approvals from both the National Stock Exchange (NSE) and BSE Limited, was fully subscribed by Tata Mutual Fund. The transaction inv...