Makar Jitumaya Suri Hydropower Set to Conclude Lock-in Period for 26,05,900 Units Shares on 16th Jestha
Sun, Apr 28, 2024 10:10 AM on Latest,
Makar Jitumaya Suri Hydropower Company Limited (MAKAR) has declared that the lock-in period for shares held by Dolma Impact-1 will end, by the guidelines set by the Securities Board of Nepal (SEBON). This period concludes on 16th Jestha, 2081.
MAKAR, listed on the Nepal Stock Exchange (NEPSE) with 7,600,000 units of shares, highlights that Dolma Impact-1 holds 26,05,900 units of shares subject to the lock-in period. Following the specified date, these shares will be eligible for trading.
Typically, under Private Equity/Venture Capital (PE/VC) rules, the lock-in period lasts 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, setting the release of these shares for the 16th of Jestha, 2081.
Dolma Impact Fund was initiated by the Dolma Foundation in 2003 to reduce 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 garnered investments totaling USD 36.6 million, with its follow-up, Dolma II, concluding at USD 71.96 million in 2022. Managing over USD 100 million, Dolma stands as Nepal's largest private equity fund manager, dedicated to supporting SDGs and adhering to global ESG standards.
