Multiplus Holdings Board approves Right Issue

Multiplus Holdings Ltd has informed stock market that the Board of Directors of the Company at its meeting held on August 05, 2008, has considered and approved the issue of further Equity Share for raising funds, by way of Right Issue.

The Right Issue shall be made in the proportion of 2 Equity Shares of Rs 10/- each @ Rs 11.50/- (i.e. Rs 10/- face value & Rs 1.50/- Premium) for every 1 Equity Share of Rs 10/- each held by the Member's, subject to necessary approval from the members at the AGM of the Company.