Lock-in Period for 26,05,900 Units of Makar Jitumaya Suri Hydropower Shares Will Conclude From Today

The lock-in period for shares of Makar Jitumaya Suri Hydropower Company Limited (MAKAR) held by Dolma Impact-1 will come to an end today, as per the guidelines set by the Securities Board of Nepal (SEBON). This period officially concludes today, the 16th of Jestha, 2081.

MAKAR, listed on the Nepal Stock Exchange (NEPSE) with 7,600,000 shares, emphasizes that Dolma Impact-1 holds 26,05,900 unit shares subject to the lock-in period. Following the specified date, these shares will become eligible for trading.

Typically, under Private Equity/Venture Capital (PE/VC) rules, the lock-in period lasts for one year following share allocation, unlike the usual three-year period. In the case of MAKAR, this period follows the one-year rule after a director's resignation, leading to the release of these shares from today, the 16th of Jestha, 2081.

The Dolma Impact Fund was initiated by the Dolma Foundation in 2003 to address poverty through investments in education, health, and sustainable enterprises. Dolma Fund Management, established in 2014, launched Dolma Impact Fund I (Dolma I), focusing on sectors that support Nepal’s SDGs. Dolma I attracted investments totaling USD 36.6 million, while its successor, Dolma II, concluded at USD 71.96 million in 2022. Managing over USD 100 million, Dolma is Nepal's largest private equity fund manager, dedicated to supporting SDGs and adhering to global ESG standards.