Stake changes: DBS CEO Piyush Gupta sells 50,000 shares; Silverlake Axis stake shifts to Zezz FundQ

DBS Bank branchDBS Bank branch

Singapore substantial shareholder changes announced on Tuesday, 23 November 2021: DBS Group and Silverlake Axis.

DBS Group

DBS Group CEO Piyush Gupta sold 50,000 shares of the bank in the market at S$32.50 each on 19 November, taking his interest down to 0.078 percent from 0.08 percent previously, according to a filing to SGX Tuesday.

Silverlake Axis

Zezz FundQ acquired around 1.83 billion shares of Silverlake Axis for around S$583.22 million on 19 November in an off-market transaction, giving it a 68.54 percent stake in the company, according to a filing to SGX Tuesday.

Intelligentsia Holding and Zezz FundQ are both wholly owned by Goh Peng Ooi, who chose to transfer all of Intelligentsia Holding’s Silverlake Axis shares to Zezz FundQ, the filing said. The share transfer is pending completion, the filing said.


Follow Shenton Wire on Telegram to receive alerts on your phone