NPST raises capital of Rs 300 crore from Tata MF
India, Dec. 3 -- Network People Services Technologies (NPST) announced that it has successfully raised more than Rs 300 crore through a preferential issue fully subscribed by Tata Mutual Fund.The company has received listing approval from both NSE and BSE for 14,46,500 fully paid-up equity shares of face value Rs 10 allotted under the preferential issue. These shares were issued at Rs 2,074 per share, inclusive of a premium of Rs 2,064. The allotment was made exclusively to Tata Mutual Fund, which is categorised as a non-promoter investor. Following the issuance, Tata Mutual Fund's shareholding in NPST will increase to 9.42 %.NPST operates as a technology service partner to banks, fintechs, and payment platforms. The company raised Rs 13.70...
To read the full article or to get the complete feed from this publication, please
Contact Us.