AXA MANSARD SHARE RECONSTRUCTION: Good or Bad for Shareholders ?

AXA Mansard is a reputable insurance player listed on the floor of the Nigeria Exchange Group. The is currently undergoing a Share reconstruction exercise of which it already have its shareholders’ approval.

SEC and NAICOM approval is currently been sought. This will bring the nominal value of this insurance firm from fifty kobo to two naira.

How Investor/Shareholder’s friendly is this development.

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