Money Masters Leasing & Finance Limited (BSE:535910) announced a private placement of 980,000 common shares of face value INR 10 each to certain promoters of the company and 875,000 common shares of face value INR 10 each to certain non-promoters of the company. The company will issue these fully paid up common shares in one or more tranches. The shares will be issued on a preferential basis to the promoters and non-promoters of the company. The transaction has been approved by the board of directors of the company and is subject to shareholders approval in the extra-ordinary general meeting to be held on April 24, 2018.