Powerhouse Fitness And Realty Limited (BSE:538731) announced private placement of 1,035,000 shares on January 23, 2016. The company will issue shares on preferential basis to promoter and non-promoter as per the price fixed in consonance to the guidelines issued by the Securities and Exchange Board of India and stock exchange. The transaction has been approved by the board of directors and is subject to approval of the members in the Extra Ordinary General Meeting to be held on February 20, 2016.