(FE)
Reliance Infrastructure has announced that it has fully settled a loan of around Rs 273 crore, including interest, taken by its wholly owned subsidiary JR Toll Road (JRTR) from Yes Bank.
The company informed the stock exchanges that JR Toll Road, along with Reliance Infra as the corporate guarantor, signed an addendum to the earlier Settlement Agreement with Yes Bank on June 23. As part of this agreement, the entire outstanding debt obligation has now been cleared. The settlement agreement was earlier signed on November 26 last year.
No further liability for Reliance Infra
With this settlement, Reliance Infra’s liability as a corporate guarantor also stands discharged. The company said this move marks the complete resolution of its guarantee for the said loan on behalf of JR Toll Road.
Reliance Infra added in its regulatory filing, “This agreement concludes all outstanding dues with Yes Bank for JR Toll Road and discharges Reliance Infra’s guarantee obligations.”
Yes Bank not linked to Reliance Infra group
The company also clarified that Yes Bank does not hold any shares in Reliance Infrastructure and is neither a related party nor a part of the promoter group.
This settlement is part of the company’s ongoing efforts to reduce its debt and improve its financial position.
Before this in FY 2024‑25, Reliance Infra eliminated its standalone net debt to banks and financial institutions, reducing it by approximately Rs 3,300 crore, bringing it down to zero as of March 31.
Share price of Reliance Infra
The share price of Reliance Infrastructure has seen a significant gain over the past month, rising by 23 per cent following major order wins in defence and solar projects.
