Photo: Bloomberg
Piyush Gupta, the CEO of DBS Group Holdings, has sold $1.75 million worth of DBS shares via market transaction.
According to a filing on SGX, Gupta, on May 20, sold 58,900 DBS shares at $29.75 per share.
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On May 14 and 18, Gupta had sold 150,000 and 100,000 shares in DBS at $29.8868 and $29.5006 apiece respectively, bringing the total amount netted (from the sale of shares on all three days) to $9.18 million. This is equivalent to his pay in FY2020.
Gupta, who previously held a 0.097% stake in DBS comprising 2.48 million shares on May 14, now holds a 0.085% stake comprising 2.17 million shares in the group.
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Shares in DBS closed 21 cents higher or 0.7% up at $29.83 on May 21.
