Brummer Frontier PE II (Mauritius) Ltd, a corporate director of Runner Automobiles PLC, plans to sell 50 lakh shares through the Dhaka Stock Exchange (DSE) by 30 April, the company said.
The shares will be offloaded at the prevailing market price through both public and block markets, according to a regulatory disclosure on Thursday.
Brummer Frontier PE II currently holds 1,83,04,347 shares in Runner and will remain a shareholder after the sale, indicating a partial stake reduction rather than a full exit.
Runner Automobiles operates manufacturing and assembly facilities in Bangladesh, focusing on motorcycles, commercial vehicles and related industrial products.
