KATHMANDU, 12 MAR 2013 (ekantipur)

NIBL Capital Markets Limited, a subsidiary of Nepal Investment Bank Limited, has signed a joint cooperation agreement (JCA) with Finnacle Capital Advisors, India (Finnacle). NIBL Capital is a licensed merchant banker from the Securities Board of Nepal.

After this agreement, NIBL Capital and Finnacle will work jointly on providing advisory services, project financing and corporate finance solutions to Nepali clients in accessing global commercial and multilateral credit solutions for infrastructure projects in Nepal. Finnacle Chairman Sanjay K Bhattacharyya had arrived in Kathmandu to sign the agreement.

Finnacle Capital offers independent advice on global project finance, capital raising and M&A practices for investors and project developers in energy, oil & gas, urban infrastructure, transportation, technology and media industries.

NIBL Capital 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. “This strategic relationship will benefit both companies in terms of its business goals and will create synergy for fostering the growth and development ofbusinesses and capital markets in Nepal,” read an NIBL statement.