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DBS CEO Piyush Gupta disposes of 100,000 DBS shares at over $34 apiece

Felicia Tan
Felicia Tan • 1 min read
DBS CEO Piyush Gupta disposes of 100,000 DBS shares at over $34 apiece
Following the sale, Gupta is deemed to be interested in 2.19 million shares in DBS which are held under a trust arrangement. Photo: Bloomberg
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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.

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