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Forex

RBC Cuts Stake in Grab Holdings by Over 79%

Guavy AI Editorial Team
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CAD
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Royal Bank of Canada has reduced its stake in Grab Holdings Limited by 79.4% in the first quarter, selling 6,596,385 shares.

The firm now owns 1,710,131 shares of GRAB stock worth $6,259,000 at the end of the most recent reporting period.

This move comes as several other institutional investors have increased their positions in Grab, including Gunpowder Capital Management LLC dba Oliver Wealth Management and Montag A & Associates Inc., which acquired new stakes in the company during the quarter.

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