UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
India Globalization Cap, Inc
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(Name of Issuer)
Common Stock, $0.0001 par value
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(Title of Class of Securities)
45408X100
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(CUSIP Number)
January 9, 2009
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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
13G is filed:
|X| Rule 13d-1(b)
|_| 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).
CUSIP NO: 45408X100
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1. Names of Reporting Persons. Chestnut Ridge Partners, LP
I.R.S. Identification Nos. Of Above Persons (entities only): 03-0404154
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)_ _____ (b)______
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3. SEC Use Only
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4. Citizenship or Place of Organization: Delaware
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Number of Shares Beneficially Owned by
Each Reporting Person With:
5. Sole Voting Power: 564,335
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6. Shared Voting Power : N/A
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7. Sole Dispositive Power 564,335
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8. Shared Dispositive Power: N/A
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,268,959
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): N/A
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11. Percent of Class Represented by Amount in Row (9): 6.43%
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12. Type of Reporting Person (See Instructions): IA
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Item 1.
(a) Name Of Issuer: India Globalization Cap, Inc.
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(b) Address of Issuer's Principal Executive Offices:
4336 MONTGOMERY AVE
Bethesda, MD 20814
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Item 2.
(a) Name of Person Filing: Chestnut Ridge Partners, LP
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(b) Address of Principal Business Office or, if none, Residence: 50 Tice
Boulevard, Woodcliff Lake, NJ 07677
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(c) Citizenship: Delaware
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(d) Title of Class of Securities: Common Stock $0.0001 par value
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(e) CUSIP Number: 45408X100
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Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Act (15
U.S.C. 78o);
(b) |_| Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) |_| Insurance company as defined in Section 3(a)(19) of the Act (15
U.S.C. 78c);
(d) |_| Investment company registered under Section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8);
(e) |_| An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
ss.240.13d- 1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
ss.240.13d- 1(b)(1)(ii)(G);
(h) |_| A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned: 564,335
(b) Percent of Class: 6.43%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 564,335
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the
disposition of 564,335
(iv) Shared power to dispose or to direct the
disposition of 0
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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
[ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification.
By signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
such securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
January 21, 2009
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Date
Chestnut Ridge Partners, LP
/s/ Kenneth Holz
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Kenneth Holz
Chief Financial Officer
Attention: Intentional misstatements or omissions of fact constitute federal
criminal violations (See 18 U.S.C. 1001)