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Stock Market & Financial Investment News

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January 14, 2013
08:44 EDTIGCIndia Globalization Capital regains compliance with NYSE
India Globalization Capital announced that it had received notice from the New York Stock Exchange on January 11 stating that the company has regained compliance with Section 1003(f)(iv) of the Exchange's Company Guide. As previously stated Section 1003(f)(iv) pertains to the non payment of listing fees.
News For IGC From The Last 14 Days
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December 18, 2014
08:09 EDTIGCIndia Globalization Capital acquires Midtown Partners
IGC announces the acquisition of Midtown Partners & Co, a New York based licensed broker dealer, as part of its strategy to diversify and expand into the legal cannabis industry. IGC will acquire 24.9 % of Midtown for up to 1.2M shares of common stock, subject to regulatory approval and downward adjustment based on certain Q4 2014 financial statement matters including the amount of cash in Midtown. Following the receipt of all required SEC, FINRA and other regulatory approvals, IGC has agreed to acquire, in a final closing, the remaining 75.1% of the outstanding membership interests in Midtown for an additional 700,000 shares of our common stock, subject to downward adjustment based on certain financial statement matters prior to the final closing. IGC expects Midtown to have enough cash to fund IGC's plans for Midtown.

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