India Globalization Raises $2M in Debt Financing
India Globalization Capital (NYSE Amex: IGC), a company developing infrastructure in India, today announced that the company has raised $2 million in one-year debt financing with zero percent interest in exchange for a promissory note and 530,000 shares of unregistered common stock.
The press release is quoted as saying:
India Globalization Capital is a construction and materials company operating in India. IGC builds roads, bridges and highways, and provides materials to the infrastructure industry in India and China. IGC has offices in Maryland, Mauritius, Nagpur, Cochin, Delhi, and Bangalore.
Click here to access the entire press release
Click here to access India Globalization Capital’s Corporate Site
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Thu, Oct 22, 2009
Post by Melissa Pistilli, Iron Senior Reporter