Network People Services Technologies Limited has informed the Exchange regarding 'Clarification sought vide your letter dated August 22, 2025 having reference no. NSE/LIST/50117'.
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Network People Services Technologies (NPST), a fintech company offering digital payment solutions like UPI/IMPS switches and mobile banking platforms, has responded to NSE's clarification letter (dated August 22, 2025) regarding its proposed preferential issue of 14,46,500 equity shares to Tata Mutual Fund. The company rectified the PCS Certificate by attaching the missing valuation report (Annexure-A), clarified that unutilised issue proceeds will be parked in money market instruments, liquid funds, or government securities, and explained changes in the pre-issue shareholding pattern (a proposed allottee purchased shares from the open market before the record date, shifting promoter holding from 67.56% to 64.81%). The company also confirmed that none of its promoters or directors are wilful defaulters. The fair value has been set at Rs. 2,073.15 per share based on the 90-day VWAP on NSE (relevant date: July 29, 2025), with the 10-day VWAP at Rs. 1,903.54. Post-issue, total shares will rise to 2,08,36,400.
This is a procedural clarification for an ongoing preferential allotment and does not change the fundamental terms. The proposed issue to Tata Mutual Fund brings a marquee institutional investor on board but will dilute existing shareholders by roughly 7.4%. The issue price of Rs. 2,073.15 is aligned with the 90-day VWAP, so no significant pricing premium or discount is implied.