NIBL Capital Markets, a subsidiary of Nepal Investment Bank, and Finnacle Capital Advisors in India have inked a joint cooperation agreement (JCA) to offer advisory services, project financing and corporate finance services to Nepali clients.
As per the terms of the agreement, both firms will collectively work to help clients in accessing global commercial and multilateral credit solutions for infrastructure projects in Nepal.
In a statement NIBL was quoted by The Himalayan Times as saying, "This strategic relationship will benefit both companies in terms of its business goals and will create synergy for fostering the growth and development of businesses and capital markets in Nepal."
With offices located in New Delhi and Hyderabad and affiliate relations in London, New York and Sydney, Finnacle Capital caters independent advice on global project finance, capital raising and merger and acquisitions (M&A) practices for investors and project developers for various sectors.
Founded in 2011, NIBL Capital offers customized financial services from merchant banking, advisory, and asset management services to depository participant functions.