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[QUOTE="Munyaradzi Mafaro, post: 36202, member: 636"]
NBM Capital Markets says TNM shareholders will gain more than they might lose from an MK30 billion cash deal. The company wants to sell new shares to Press Corporation, Old Mutual Life, and Nico Life at a May 2 meeting in Blantyre. Some smaller investors worry about losing value, but advisors think the good outweighs the bad.

NBM Capital CEO Benson Jere believes all shareholders will benefit as TNM pays off its debts. The deal aims to make TNM more profitable and increase dividends for everyone. Jere pointed to FMB Capital Holdings as an example where selling MK8.54 billion in shares to Old Mutual helped turn things around.

The Malawi Stock Exchange has approved the deal as it meets all rules, according to MSE CEO John Kamanga. TNM leader Michael Herbert plans to use the money to fix the company's balance sheet and pay off expensive loans. This should improve TNM's financial health and make shares worth more for all investors.
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