IGC Pharma, Inc. — Major Shareholding Notification 2008

Sep 18, 2008

SC 13G 1 y71384sc13g.htm SCHEDULE 13G SC 13G PAGEBREAK

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934 (Amendment No. )*

India Globalization Capital, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

45408X100

(CUSIP Number)

March 19, 2008

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

þ Rule 13d-1(b)
o Rule 13d-1(c)
o 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 disclosures provided in a prior cover page.

The information required on 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).

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TOC

TABLE OF CONTENTS

Item 1(b). Address of Issuer’s Principal Executive Offices
Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office or, if None, Residence
Item 2(c). Citizenship
Item 2(d). Title of Class of Securities
Item 2(e). CUSIP Number
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a
Item 4. Ownership
Item 5. Ownership of Five Percent or Less of a Class
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
Item 8. Identification and Classification of Members of the Group
Item 9. Notice of Dissolution of Group
Item 10. Certification
SIGNATURE

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1	NAMES OF REPORTING PERSONS UBS AG (for the benefit and on behalf of UBS Investment Bank, Wealth Management USA, and Global Wealth Management and Business Banking business groups of UBS AG (See Item 7))
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	SWITZERLAND
	5	SOLE VOTING POWER
NUMBER OF		1,044,551
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		0
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		1,044,551
WITH:	8	SHARED DISPOSITIVE POWER
		0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,044,551
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	10.9%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	BK

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link2 "Item 1(a). Name of Issuer"

Item 1(a). Name of Issuer:

India Globalization Capital, Inc.

link2 "Item 1(b). Address of Issuer’s Principal Executive Offices"

Item 1(b). Address of Issuer’s Principal Executive Offices:

4336 Montgomery Avenue Bethesda, Maryland 20814 USA

link2 "Item 2(a). Name of Person Filing"

Item 2(a). Name of Person Filing:

UBS AG

link2 "Item 2(b). Address of Principal Business Office or, if None, Residence"

Item 2(b). Address of Principal Business Office or, if None, Residence:

UBS AG Bahnhofstrasse 45 CH-8001, Zurich, Switzerland

link2 "Item 2(c). Citizenship"

Item 2(c). Citizenship:

Switzerland

link2 "Item 2(d). Title of Class of Securities"

Item 2(d). Title of Class of Securities:

Common Stock, par value $0.0001 per share

link2 "Item 2(e). CUSIP Number"

Item 2(e). CUSIP Number:

45408X100

link2 "Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a"

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

UBS AG is classified as a Bank as defined in Section 3(a)(6) of the Act pursuant to no-action relief granted by the staff of the Securities and Exchange Commission.

link2 "Item 4. Ownership"

Item 4. Ownership:

Items 5-11 of the cover pages are incorporated by reference. This Schedule 13G reflects beneficial ownership of UBS AG as of March 19, 2008, the date that UBS AG crossed the 10% reporting threshold, and does not reflect any subsequent activity. India Globalization Capital, Inc. filed its annual report for the fiscal year ended March 31, 2008 one day after its extended deadline for filing, and thus the issuer’s registration statement on Form S-3 registering the issuer’s shares of common stock issuable upon exercise of the Warrants ceased to be effective. As a result, on July 16, 2008, the Warrants became unexercisable, and the reporting persons ceased to have a reporting obligation with respect to the reported securities.

link2 "Item 5. Ownership of Five Percent or Less of a Class"

Item 5. Ownership of Five Percent or Less of a Class:

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Not applicable

link2 "Item 6. Ownership of More than Five Percent on Behalf of Another Person"

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

Not applicable

link2 "Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding

Company:

This statement on Schedule 13G is being filed by UBS AG on behalf of itself and the subsidiaries listed below. The securities being reported on by UBS AG were acquired directly by certain of such subsidiaries.

UBS AG London Branch UBS Portfolio LLC UBS AG Frankfurt UBS Ltd UBS Warburg Private Clients Ltd UBS AG Tokyo branch UBS AG (Switzerland) UBS Warburg Securities (Pty) Ltd (South Africa) UBS International Ltd UBS Warburg Securities Ltd Banco UBS Warburg S.A UBS Warburg Corretora de Cambio e Valores Mobiliarios S.A. UBS Warburg Trading S.A. UBS Bunting Warburg Inc UBS Capital Americas Investments III, Ltd. UBS Capital II LLC UBS Capital LLC UBS AG Brazil UBS Limited UBS Capital Americas Investments II Ltd SBC Equity Partners AG UBS Capital Asia Pacific Ltd UBS Capital Holdings LLC UBS Capital Jersey Ltd UBS Capital BV UBS (USA) Inc UBS Warburg AG (Frankfurt) UBS Securities Australia Ltd UBS Securities (Japan) Ltd UBS Securities LLC UBS Securities New Zealand Limited UBS New Zealand Limited UBS AG Australia Branch

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UBS Capital Markets LP UBS Capital Latin America LDC UBS Securities France SA UBS AG Canada Branch UBS Cayman Ltd. PaineWebber Capital Inc Paine Webber International Inc UBS Fiduciary Trust Company UBS Financial Services Incorporated of Puerto Rico UBS Americas Inc UBS Financial Services Inc. Inversiones Ibersuizas, S.A. UBS (Bahamas) LTD UBS (Cayman Islands) LTD UBS (France) LTD UBS (Italia) LTD UBS (Luxemberg) LTD UBS (Luxemberg) SA Austria Branch UBS (Monaco) S.A. UBS AG Brazil UBS AG New York (101 Park Avenue) UBS AG Hong Kong UBS AG Jersey Branch UBS AG Singapore UBS Assessores LTD UBS Bank (Canada) UBS Belgium SA/NV UBS Deutschland AG UBS Espana S.A. UBS International Inc UBS Swiss Advisors AG UBS Wealth Management AG UBS Wealth Management (UK) Ltd Banco UBS Pactual SA

link2 "Item 8. Identification and Classification of Members of the Group"

Item 8. Identification and Classification of Members of the Group:

Not applicable

link2 "Item 9. Notice of Dissolution of Group"

Item 9. Notice of Dissolution of Group:

Not applicable

link2 "Item 10. Certification"

Item 10. Certification:

(a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):

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By signing below the undersigned certify that, to the best of their knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 the 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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link1 "SIGNATURE"

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: September 18, 2008

| UBS AG — By: | /s/ Gordon Kiesling | | | --- | --- | --- | | | Name: | Gordon Kiesling | | | Title: | Executive Director | | By: | /s/ Anthony DeFilippis | | | | Name: | Anthony DeFilippis | | | Title: | Executive Director |

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