UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
India Globalization Capital, Inc.
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(Name of Issuer)
Common Stock, par value $0.0001 per share
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(Title of Class of Securities)
45408X100
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(CUSIP Number)
March 7, 2008
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 11 Pages
CUSIP No. 45408X100 13G/A Page 2 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
D.B. Zwirn & Co., L.P.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
--------------------------------------------------------------------------------
CUSIP No. 45408X100 13G/A Page 3 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
D.B. Zwirn Special Opportunities Fund, Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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CUSIP No. 45408X100 13G/A Page 4 of 11 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
D.B. Zwirn Special Opportunities Fund, L.P.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
--------------------------------------------------------------------------------
CUSIP No. 45408X100 13G/A Page 5 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
DBZ GP, LLC
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
--------------------------------------------------------------------------------
CUSIP No. 45408X100 13G/A Page 6 of 11 Pages
--------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Zwirn Holdings, LLC
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
--------------------------------------------------------------------------------
CUSIP No. 45408X100 13G/A Page 7 of 11 Pages
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(1) NAMES OF REPORTING PERSONS
Daniel B. Zwirn
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions) (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP No. 45408X100 13G/A Page 8 of 11 Pages
This Amendment No. 2 (this "Amendment") amends the statement on Schedule 13G
filed on September 27, 2006, as amended by Amendment No. 1 filed on October 15,
2007 (as amended, the "Schedule 13G") with respect to shares of Common Stock,
par value $0.0001 per share (the "Shares") of India Globalization capital,
Inc., a Maryland corporation (the "Company"). Capitalized terms used herein and
not otherwise defined in this Amendment have the meanings set forth in the
Schedule 13G. This Amendment amends and restates Items 4 and 5 in their entirety
as set forth below.
Item 4. Ownership
(a) Amount Beneficially Owned
As of the date of this filing, (i) D.B. Zwirn & Co., L.P., (ii) DBZ GP,
LLC, (iii) Zwirn Holdings, LLC, (iv) Daniel B. Zwirn,(v) D.B. Zwirn
Opportunities Fund, L.P. and (vi) D.B. Zwirn Special Opportunities Fund, Ltd. no
longer beneficially own any shares of Common Stock (each entity referred to in
(v) through (vi) is herein referred to as a "Fund" and, collectively, as the
"Funds").
D.B. Zwirn & Co., L.P. is the manager of each of the Funds, and
consequently has voting control and investment discretion over the Shares held
by each of the Funds. Daniel B. Zwirn is the managing member of and thereby
controls Zwirn Holdings, LLC, which in turn is the managing member of and
thereby controls DBZ GP, LLC, which in turn is the general partner of and
thereby controls D.B. Zwirn & Co., L.P.
(b) Percent of Class
As of the date of this filing, (i) D.B. Zwirn & Co., L.P., (ii) DBZ GP,
LLC, (iii) Zwirn Holdings, LLC, (iv) Daniel B. Zwirn,(v) D.B. Zwirn
Opportunities Fund, L.P. and (vi) D.B. Zwirn Special Opportunities Fund, Ltd. no
longer beneficially own any shares of Common Stock.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 4(a)
(ii) Shared power to vote or to direct the vote
See Item 4(a)
(iii) Sole power to dispose or to direct the disposition of
See Item 4(a)
(iv) Shared power to dispose or to direct the disposition of
See Item 4(a)
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following: [X]
Exhibits:
Exhibit I: Joint Filing Agreement, dated as of March 31, 2008, by and among D.B.
Zwirn Special Opportunities Fund, L.P., D.B. Zwirn Special Opportunities Fund,
Ltd., D.B. Zwirn & Co., L.P., DBZ GP, LLC, Zwirn Holdings, LLC and Daniel B.
Zwirn.
Exhibit II: Power of attorney for Daniel B. Zwirn dated November 7, 2007.
CUSIP No. 45408X100 13G/A Page 9 of 11 Pages
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each of
the undersigned certifies that the information with respect to it set forth in
this statement is true, complete, and correct.
Dated: March 31, 2008
D.B. ZWIRN SPECIAL OPPORTUNITIES D.B. ZWIRN SPECIAL OPPORTUNITIES
FUND, L.P. FUND, LTD.
By: D.B. Zwirn & Co., L.P. By: D.B. Zwirn & Co., L.P.
By: DBZ GP, LLC, By: DBZ GP, LLC,
its General Partner its General Partner
By: Zwirn Holdings, LLC, By: Zwirn Holdings, LLC,
its Managing Member its Managing Member
D.B. ZWIRN & CO., L.P. ZWIRN HOLDINGS, LLC
By: DBZ GP, LLC,
its General Partner
By: Zwirn Holdings, LLC,
its Managing Member
DBZ GP, LLC
By: Zwirn Holdings, LLC,
its Managing Member
By: /s/ Lawrence D. Cutler
----------------------------
Name: Lawrence D. Cutler
Title: Authorized Signatory
/s/ Lawrence D. Cutler
----------------------------
LAWRENCE D. CUTLER, as Attorney-in-
Fact for Daniel B. Zwirn
The Power of Attorney dated as of November 7, 2007 executed by Daniel B. Zwirn,
authorizing Lawrence D. Cutler to sign and file this Schedule 13G/A on Daniel B.
Zwirn's behalf, is attached hereto as Exhibit II.
CUSIP No. 45408X100 13G/A Page 10 of 11 Pages
EXHIBIT I
JOINT FILING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule
13G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the common
stock of India Globalization Capital, Inc. is being filed, and all amendments
thereto will be filed, on behalf of each of the persons and entities named below
in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
Dated: March 31, 2008
D.B. ZWIRN SPECIAL OPPORTUNITIES D.B. ZWIRN SPECIAL OPPORTUNITIES
FUND, L.P. FUND, LTD.
By: D.B. Zwirn & Co., L.P. By: D.B. Zwirn & Co., L.P.
By: DBZ GP, LLC, By: DBZ GP, LLC,
its General Partner its General Partner
By: Zwirn Holdings, LLC, By: Zwirn Holdings, LLC,
its Managing Member its Managing Member
D.B. ZWIRN & CO., L.P. ZWIRN HOLDINGS, LLC
By: DBZ GP, LLC,
its General Partner
By: Zwirn Holdings, LLC,
its Managing Member
DBZ GP, LLC
By: Zwirn Holdings, LLC,
its Managing Member
By: /s/ Lawrence D. Cutler
------------------------
Name: Lawrence D. Cutler
Title: Authorized Signatory
/s/ Lawrence D. Cutler
---------------------------
LAWRENCE D. CUTLER, as Attorney-in-Fact for Daniel B. Zwirn
CUSIP No. 45408X100 13G/A Page 11 of 11 Pages
EXHIBIT II
POWER OF ATTORNEY
The undersigned hereby appoints David C. Lee and Lawrence D. Cutler, or either
of them, his true and lawful attorney-in-fact and agent to execute and file with
the Securities and Exchange Commission any Schedule 13D, Schedule 13G, Form 3,
Form 4, Form 5, any amendments thereto and any related documentation which may
be required to be filed in his individual capacity as a result of the
undersigned's beneficial ownership of, or participation in a group with respect
to, securities directly or indirectly beneficially owned by D.B. Zwirn & Co.,
L.P. or any of its affiliates, and granting unto said attorney-in-fact and agent
full power and authority to do and perform each and every act and thing which he
might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof.
The authority of David C. Lee and Lawrence D. Cutler, or either of them, under
this Power of Attorney shall continue with respect to the undersigned until the
undersigned is no longer required to file Schedule l3Ds, Schedule l3Gs, Forms 3,
Forms 4, or Forms 5 unless revoked earlier in writing.
Date: November 7, 2007
/s/ Daniel B. Zwirn
---------------------------
Daniel B. Zwirn