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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