Geodesic in group restructuring process to facilitate bond redemption

By Caroline Salls

Pittsburgh, March 5 - Geodesic Ltd. is in the process of a group restructuring to facilitate a foreign-currency convertible bond redemption and is in talks with bondholders, according to a news release.

Geodesic said it expects to complete the redemption process by March 31, subject to regulatory clearances, which are expected around the same time.

Geodesic is a Mumbai, India-based technology company.

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