DBS CEO Piyush Gupta Disposes of 100,000 DBS Shares at Over $34 Apiece

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DBS CEO Piyush Gupta Disposes of 100,000 DBS Shares at Over $34 Apiece

The Edge Singapore2023-08-08

DBS Group Holdings’ CEO Piyush Gupta has disposed of 100,000 DBS shares at over $34 apiece via the market.

According to an Aug 8 filing, Gupta sold 8,100 shares at $34.32 per share on Aug 4, reducing his stake in the bank to 0.088% from 0.089%.

On the same day, Gupta sold another 91,900 shares at $34.26 per share, paring his stake further to 0.085%.

Following the sale, Gupta is deemed to be interested in 2.19 million shares in DBS which are held under a trust arrangement.

DBS had reported a record net profit of $2.69 billion for the 2QFY2023 ended June 30 on Aug 3. The bank’s net profit for the 1HFY2023 had stood at $5.26 billion, getting closer to the $10 billion target the bank had set at the beginning of this year.

Shares in DBS closed at $34.35 on Aug 7.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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AcidIce
·2023-08-08
Looks like going to run road feeling.
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Hazelstixks
·2023-08-08
F
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买香蕉也用券
·2023-08-08
price is too high
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