DBS Group Holdings’ D05 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.
