SeeThruEquity Issues Company Note on India Globalization Capital, Inc. Acquisition and Diversification Strategy

March 17, 2014 9:00am EST
New York, NY--(Business Wire) - SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued a note on India Globalization Capital, Inc. (NYSE-MKT: IGC), a diversified investment company with existing assets in mining in India and China. The note is focused on the company's recent update on its acquisition and diversification strategy with a focus on capitalizing on specific niches within these areas such as solar energy, medical marijuana and cleantech.
"We feel that while there certainly is an initial 'euphoria' in the medicinal marijuana space, given the tremendous growth opportunity, eventually the companies with strong operating plans will separate themselves and command premium valuations. If IGC were to make a handful of strategic acquisitions in the medicinal marijuana space, we would expect to see the stock trading at a significantly higher valuation than current levels," stated Ajay Tandon, CEO of SeeThruEquity.
The note is available to SeeThruEquity Select Memberson
SeeThruEquity's websiteand can be directly accessed here: IGC Company
Note. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack's. The note will also be available on these platforms.
Please review important disclosures on our website at www.seethruequity.com.
About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research
to Thomson Reuters One (First Call), CapitalIQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street. For more information visit www.seethruequity.com.
About India Globalization Capital, Inc.
Based in Bethesda, Maryland, India Globalization Capital, Inc. is engaged in the mining, trading and leasing industries in the U.S., China and India. The Company's plan in the short term is to create cash flow from existing assets and in the medium term to expand its asset base through opportunistic acquisitions. For more information about IGC, please visit IGC's website at www.indiaglobalcap.com.
Contact:
Ajay Tandon SeeThruEquity (646) 495-0939

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