DBS Group Holdings CEO Piyush Gupta made a S$12.6 million profit by selling some of his shares amid a rise in Singapore bank stocks, a financial institution scrutinized. This was revealed in a filing with the stock exchange. business times.
Mr. Gupta’s transaction involved offloading 300,000 shares between November 7 and 8. DBSThe stock price has soared above S$40.
The surge is part of a broader trend driven by impressive third-quarter earnings reports from all three of Singapore’s major banks.
On November 7, Gupta sold 100,000 shares at S$41.7513 per share, followed by a further 200,000 shares on November 8 at S$42.2023 per share.
As a result, his holdings in DBS decreased from 2.2 million to 1.9 million.
The development comes as DBS prepares for a leadership transition, with Tan Suchan become CEO Sushant will be the first woman to lead the bank.
Featured image credit: Edited from freepic
