B Mirror Report: Brammer Frontier PE II (Mauritius) Ltd. a Mauritius-registered foreign investment fund, has completed the sale of 5 million shares of Runner Automobiles PLC, a listed company on the country’s stock market, as previously declared.

The company had earlier disclosed its intention to sell the shares through the Dhaka Stock Exchange (DSE) on April 9. The transaction has now been completed, according to a recent disclosure to the DSE.

Following the sale, Brammer Frontier now holds 11.72 percent of Runner Automobiles, equivalent to 13.304 million shares.

Brammer Frontier, part of Sweden-based Brummer & Partners, initially invested in Runner Automobiles in 2013. On September 28 of that year, it acquired 13.478 million shares for Tk 1.05 billion. After receiving bonus shares in two phases in 2015, its holdings increased to 26.956 million shares.

After Runner Automobiles went public in 2019, Brammer’s stake rose to 24.93 percent, or 28.304 million shares. Following partial share sales during 2021–22, its holdings declined to 16.12 percent, or 18.304 million shares. The latest sale of 5 million shares further reduced its stake to the current level.

Runner Automobiles currently has an authorized capital of Tk 2 billion and a paid-up capital of Tk 1.1354 billion. The company holds reserves worth Tk 4.4068 billion. Its total number of shares stands at 113.539 million.

Of the total shares, 50.48 percent are held by sponsor-directors, 26.59 percent by institutional investors, and the remaining 22.93 percent by general investors.