Swet-Ganga Hydropower Set to Conclude Lock-in Period for 38,51,000 Units Shares on 2nd Falgun

Swet-Ganga Hydropower & Construction Limited (SGHC) has announced the expiration of the lock-in period for Dolma Impact-1 (Foreign Investor) shares, in accordance with the Securities Board of Nepal (SEBON) guidelines. The lock-in period concludes on Falgun 2, 2080.

SGHC, listed on the Nepal Stock Exchange (NEPSE) with 15,930,000 units of shares, highlights that Dolma Impact-1 holds 38,51,000 units of shares that were subject to the lock-in period. Following the specified date, these shares will be eligible for trading.

Notably, under Private Equity/Venture Capital (PE/VC) guidelines, the standard lock-in period is typically one year after the shares are allotted, deviating from the general three-year lock-in period. In the case of SGHC, the company adheres to a one-year lock-in period following the resignation of a director. Consequently, the aforementioned shares are scheduled to be released on the 2nd of Falgun as per this one-year timeframe.

Dolma Impact Fund, established by the Dolma Foundation in 2003, focuses on poverty alleviation through investments in education, health, and sustainable businesses. Dolma Fund Management, founded in 2014, launched Dolma Impact Fund I (Dolma I), investing in sectors aligned with Nepal's SDGs. Dolma I received USD 36.6 million in investments, and its successor, Dolma II, closed at USD 71.96 million in 2022. Dolma, managing over USD 100 million, is Nepal's largest private equity fund manager, contributing to SDGs and adhering to international ESG standards.

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