Sunday, March 10, 2013

NIBL Capital Markets, Finnacle Capital sign Joint Cooperation Agreement

NIBL Capital Markets — a subsidiary of Nepal Investment Bank and a licensed merchant banker from Securities Board of Nepal (Sebon) — has signed a Joint Cooperation Agreement (JCA) with Finnacle Capital Advisors, India (Finnacle).
Finnacle Capital — that has offices in New Delhi and Hyderabad and affiliate relations in London, New York and Sydney — offers independent advice on Global Project Finance, Capital Raising and Merger and Acquisitions (M&A) practices for investors and project developers in energy, oil and gas, urban infrastructure, transportation, technology and media industries, according to NIBL Capital Markets that renders a comprehensive and a wide range of financial solutions ranging from issue and sales management, securities underwriting and share registration to portfolio management services.
Under the agreement signed on March 3, NIBL Capital and Finnacle will work jointly on providing advisory services including Project Financing and Corporate Finance Solutions to Nepali clients in accessing global commercial and multilateral credit solutions for infrastructure projects in the country.
Chairman of Finnacle Capital and ex managing director and chief credit and risk officer of State Bank of India Sanjay K Bhattacharyya visited Kathmandu to sign the agreement with NIBL Capital.
The strategic relationship will benefit both the companies in terms of their business goals and will create synergy for fostering the growth and development of businesses and capital markets in Nepal, it said.
NIBL Capital Markets — a wholly owned subsidiary of Nepal Investment Bank — aims to provide exceptional and customised financial solutions ranging from merchant banking activities to advisory services. "It is established with a mission to be the premier provider of investment banking services, seeking profitable growth through client value creation, stewardship, integrity, and innovation," it added.

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