-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HP1IBzdsgj8/6fUjXOQqEm3pei2iJfZgz6JWCicRfw1lk3X2PL1fYELmY5LloNuP zm2lqlNCtl2GYGNcmlAbWw== 0000919574-08-003504.txt : 20080528 0000919574-08-003504.hdr.sgml : 20080528 20080528145336 ACCESSION NUMBER: 0000919574-08-003504 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080528 DATE AS OF CHANGE: 20080528 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: India Globalization Capital, Inc. CENTRAL INDEX KEY: 0001326205 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] IRS NUMBER: 202760393 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81669 FILM NUMBER: 08863258 BUSINESS ADDRESS: STREET 1: 4336 MONTGOMERY AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 301-983-0998 MAIL ADDRESS: STREET 1: 4336 MONTGOMERY AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BRIGHTLINE CAPITAL MANAGEMENT, LLC CENTRAL INDEX KEY: 0001432450 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1120 AVENUE OF THE AMERICAS STREET 2: SUITE 1505 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-626-6829 MAIL ADDRESS: STREET 1: 1120 AVENUE OF THE AMERICAS STREET 2: SUITE 1505 CITY: NEW YORK STATE: NY ZIP: 10036 SC 13G/A 1 d886627_13g-a.htm BRIGHTLINE CAPITAL MGMT d886627_13g-a.htm


 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.______1_____)*


India Globalization Capital, Inc.
(Name of Issuer)


Common Stock
(Title of Class of Securities)


45408X100
(CUSIP Number)


May 22, 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:
 
[_]  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).
 

 
 

 


CUSIP No
45408X100
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Brightline Capital Management, LLC
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Delaware
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
750,000
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
750,000
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
750,000
 
     
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)
 
     
 
7.8%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
OO
 

 
 

 


CUSIP No
45408X100
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Brightline Capital Partners, LP
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Delaware
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
592,560
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
592,560
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
592,560
 
     
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)
 
     
 
6.1%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
PN
 

 
 

 


CUSIP No
45408X100
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Brightline GP, LLC
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
Delaware
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
592,560
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
592,560
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
592,560
 
     
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)
 
     
 
6.1%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
OO
 


 
 

 


CUSIP No
45408X100
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Nick Khera
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
750,000
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
750,000
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
750,000
 
     
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)
 
     
 
7.8%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IN
 

 
 

 


 
CUSIP No
 
45408X100
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Edward B. Smith, III
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
281,500
 
     
6.
SHARED VOTING POWER
 
     
 
750,000
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
281,500
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
750,000
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
1,031,500
 
     
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)
 
     
 
10.4%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
 


 
 

 


Item 1.
(a).
Name of Issuer:
 
       
   
India Globalization Capital, Inc.
 

 
(b).
Address of Issuer's Principal Executive Offices:
 
       
   
4336 Montgomery Avenue
Bethesda, Maryland  20814
 

Item 2.
(a).
Name of Person Filing:
 
   
 
Brightline Capital Management, LLC
Brightline Capital Partners, LP
Brightline GP, LLC
Nick Khera
 
   
Edward B. Smith, III
 

 
(b).
Address of Principal Business Office, or if None, Residence:
 
   
 
Brightline Capital Management, LLC
1120 Avenue of the Americas, Suite 1505
New York, New York 10036
 
Brightline Capital Partners, LP
Brightline Capital Management, LLC
1120 Avenue of the Americas, Suite 1505
New York, New York 10036
 
Brightline GP, LLC
1120 Avenue of the Americas, Suite 1505
New York, New York 10036
 
Nick Khera
c/o Brightline Capital Management, LLC
1120 Avenue of the Americas, Suite 1505
New York, New York 10036
 
Edward B. Smith, III
c/o Brightline Capital Management, LLC
1120 Avenue of the Americas, Suite 1505
 
   
New York, New York 10036
 

 
(c).
Citizenship:
 
   
 
Brightline Capital Management, LLC – Delaware limited liability company
Brightline Capital Partners, LP – Delaware limited partnership
Brightline GP, LLC – Delaware limited liability company
Nick Khera – United States citizen
 
   
Edward B. Smith, III – United States citizen
 


 
 

 


 
(d).
Title of Class of Securities:
 
       
   
Common Stock
 

 
(e).
CUSIP Number:
 
       
   
45408X100
 

Item 3.
 
If This Statement is filed pursuant to 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 Exchange Act (15 U.S.C. 78c).

 
(b)
[_]
Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c).

 
(c)
[_]
Insurance company as defined in Section 3(a)(19) of the Exchange 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 § 240.13d-1(b)(1)(ii)(E);

 
(f)
[_]
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

 
(g)
[_]
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

 
(h)
[_]
A savings association 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 s.240.13d-1(b)(1)(ii)(J).

 
Item 4.
Ownership.

 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 
(a)
Amount beneficially owned:
     
   
Brightline Capital Management, LLC: 750,000
Brightline Capital Partners, LP: 592,560
Brightline GP, LLC: 592,560
Nick Khera: 750,000
Edward B. Smith, III: 1,031,500


 
 

 


 
(b)
Percent of class:
     
   
Brightline Capital Management, LLC: 7.8%
Brightline Capital Partners, LP: 6.1%
Brightline GP, LLC: 6.1%
Nick Khera: 7.8%
Edward B. Smith, III: 10.4%

 
(c)
Number of shares as to which Brightline Capital Management, LLC has:

   
(i)
Sole power to vote or to direct the vote
0
,
         
   
(ii)
Shared power to vote or to direct the vote
750,000
,
         
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
         
   
(iv)
Shared power to dispose or to direct the disposition of
750,000
.

 
Number of shares as to which Brightline Capital Partners, LP has:

   
(i)
Sole power to vote or to direct the vote
0
,
           
   
(ii)
Shared power to vote or to direct the vote
592,560
,
           
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
           
   
(iv)
Shared power to dispose or to direct the disposition of
592,560
.

 
Number of shares as to which Brightline GP, LLC has:

   
(i)
Sole power to vote or to direct the vote
0
,
           
   
(ii)
Shared power to vote or to direct the vote
592,560
,
           
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
           
   
(iv)
Shared power to dispose or to direct the disposition of
592,560
.

 
Number of shares as to which Nick Khera has:
   

   
(i)
Sole power to vote or to direct the vote
0
,
         
   
(ii)
Shared power to vote or to direct the vote
750,000
,
         
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
         
   
(iv)
Shared power to dispose or to direct the disposition of
750,000
.


 
 

 


 
Number of shares as to which Edward B. Smith, III has:

   
(i)
Sole power to vote or to direct the vote
281,500
,
         
   
(ii)
Shared power to vote or to direct the vote
750,000
,
         
   
(iii)
Sole power to dispose or to direct the disposition of
281,500
,
         
   
(iv)
Shared power to dispose or to direct the disposition of
750,000
....

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.

 
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified.  A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
   
   

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

 
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary.  If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
   
   

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

 
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group.  If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
   
   


 
 

 


Item 9.
Notice of Dissolution of Group.

 
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.  See Item 5.
   
   

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 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.


 
 

 


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.
 
 
 
May 28, 2008
 
Date
   
 
BRIGHTLINE CAPITAL MANAGEMENT, LLC*
   
 
By:  /s/ Nick Khera
 
Name: Nick Khera
 
Title: Managing Member
 
   
 
BRIGHTLINE CAPITAL PARTNERS, LP
   
 
By:  /s/ Nick Khera
 
Name: Nick Khera
 
Title: Managing Member of Brightline GP, LLC, the General Partner
   

 
BRIGHTLINE GP, LLC*
 
 
By:  /s/ Nick Khera
 
Name: Nick Khera
 
Title: Managing Member


 
NICK KHERA*
 
 
/s/ Nick Khera
   

 
 
EDWARD B. SMITH, III*
 
 
/s/ Edward B. Smith, III
   


*The Reporting Persons disclaim beneficial ownership over the securities reported herein except to the extent of the Reporting Persons’ pecuniary interest therein.

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
 
Note.  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.
 
Attention.  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
 

 
 

 

JOINT FILING AGREEMENT

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of Common Stock of India Globalization Capital, Inc.

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original.

Executed this 28th day of May, 2008.

 
May 28, 2008
 
Date
   
 
BRIGHTLINE CAPITAL MANAGEMENT, LLC
   
 
By:  /s/ Nick Khera
 
Name: Nick Khera
 
Title: Managing Member
   
   
 
BRIGHTLINE CAPITAL PARTNERS, LP
   
 
By:  /s/ Nick Khera
 
Name: Nick Khera
 
Title: Managing Member of Brightline GP, LLC, the General Partner
   

 
BRIGHTLINE GP, LLC
 
 
By:  /s/ Nick Khera
 
Name: Nick Khera
 
Title: Managing Member


 
NICK KHERA
 
 
/s/ Nick Khera
   

 
 
EDWARD B. SMITH, III
 
 
/s/ Edward B. Smith, III
   


 
 
SK 25128 0002 886627


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