Embarc

India Globalization Capital, Inc.

Merged
CIK: 1326205•Ticker: IGC
Successfully merged with Sricon Infrastructure Private Limited and Techni Bharathi Limited

SPAC Overview

$59M
IPO Size
$57.2M
Trust Amount
Completed
Current Status
2006
IPO Year

Timeline Progress

About

India Globalization Capital, Inc. is a blank check company formed to acquire one or more operating businesses with primary operations in India. It is not limited to a particular industry, while identifying business process outsourcing and information technology and infrastructure as illustrative opportunity areas.

Investment Focus

Business Services, IT Services, Infrastructure

Geographic Focus

India

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
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SPAC Team

Leadership

Ram Mukunda
Chairman of the Board of Directors, Chief Executive Officer, Chief Executive Officer and President, Director, Executive Chairman, President
Ranga Krishna
Chairman of the Board of Directors, Director, Non Executive Chairman, Non-Executive Chairman
Ravindra Lal Srivastava
Chairman of the Board of Directors, Managing Director
Richard K. Prins
Audit Committee Chairman, Chairman of the Board of Directors, Director, Lead Director
Sudhakar Shenoy V.
Compensation Committee Chairman, Director
Emmanuel K. Nzai
Vice President
M. Santhosh Kumar
Accounting, Director, General Manager of Accounting, Vice-President of Finance
Raghu Ram
Executive Vice President — Mergers and Acquisitions
John Cherin
Chief Financial Officer, Director, Secretary, Treasurer
John Selvaraj
Chief Financial Officer, Director, Principal Accounting Officer, Principal Financial and Accounting Officer, Treasurer
Danny Ngai
Country Manager
Wei Dong Qu
General Manager
Danny Qing Chang
Director, Managing Director
Jian Qun Dou
Director
Jortin Antony
Director
Parveen Mukunda
Director
Ram Kishan Belur
Director of Operations
Suhail Nathani
Director, General Manager of Accounting
Anil K. Gupta
Beneficial owner
Benquan Li
Beneficial owner
Chun Lin Xing
Beneficial owner
Dayong Chang
Beneficial owner
Fengli Chen
Beneficial owner
Hua Zhang
Beneficial owner
Jingyu Mu
Beneficial owner
Larry L. Pressler
Beneficial owner
Lili Zhang
Beneficial owner
P.G. Kakodkar
Beneficial owner
Prabuddha Ganguli
Beneficial owner
Shakti Sinha
Beneficial owner
Tianqi Xiao
Beneficial owner
Xiaowen Zhang
Beneficial owner
Xiuyun Gao
Beneficial owner
Jortin Anthony

Extended Team Information

The management team describes experience starting, financing, growing, operating, sourcing, structuring and consummating business combinations in India and elsewhere. Its members include telecommunications and technology executives, an experienced finance professional, and directors with business, legal and investment experience.

Stock Performance

IGC
Trading Symbol
First Trade
May 24, 2006
$5.56
At Merger
March 14, 2008
$4.18
-25%
6 Months Post-Merger
September 16, 2008
$4.80
+15%
1 Year Post-Merger
March 9, 2009
$0.39
-91%
2 Years Post-Merger
March 15, 2010
$1.27
-70%
Current Price
October 2, 2026
$0.28
-95%

Key Information

IPO Date
March 3, 2006
Total Redemptions
$12.3M
State of Incorporation
MD
SIC
6770
Completion Date
March 7, 2008
Merger Target
Sricon Infrastructure Private Limited and Techni Bharathi Limited
SPAC Ticker
IGC

External Resources

SEC Filings
View Detailed Analysis