STAR BUSINESS REPORT

Brummer Frontier PE II (Mauritius) Ltd is going to sell one-third of its stake in Runner Automobiles Ltd, worth more than Tk 19 crore.

Through a disclosure published on the Dhaka Stock Exchange (DSE) website yesterday, Brummer Frontier, a corporate director of Runner Automobiles, expressed its intention to sell 50 lakh out of its total holding of 1.83 crore shares of the company.

The share will be sold at the prevailing market price through the DSE by April 30, 2026, the disclosure states.

Brummer Frontier PE II (Mauritius) is a Bangladesh-focused private equity fund run by Brummer & Partners, a Scandinavian hedge-fund manager.

As of yesterday, each share of Runner Automobiles was worth Tk 38.70. Considering this price, the value of 50 lakh shares amounts to Tk 19.35 crore.

The fund made Tk 105 crore equity investments in Runner Automobiles in September 2013 through its frontier fund. It started selling its stake in 2022.

Runner Automobiles PLC was founded in 2000 with the vision of becoming Bangladesh’s first local 2-wheeler manufacturer.

Now, it is one of the leading names in the automotive sector, offering a diverse portfolio of non-electric and electric two-wheelers, multi-fuel three-wheelers and commercial vehicles.