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Recommend “Marketwire” - India Globalization Capital Announces the Exchange of Outstanding Promissory Note for New Note (Email)

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Marketwire

March 25, 2011

http://www.marketwire.com/press-release/India-Globalization-Capital-Announces-Exchange-Outstanding-Promissory-Note-New-Note-NYSE-Amex-IGC-1417883.htm

BETHESDA, MD--(Marketwire - March 25, 2011) - India Globalization Capital, Inc. (NYSE Amex: IGC), a company competing in the rapidly growing materials and infrastructure industry in India, today announced that it consummated the exchange of an outstanding promissory note for a new note and shares of the Company's common stock.

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