Legal23 Jun 2025, 09:03 am
Reliance Infrastructure Subsidiary Settles INR 273 Crore Debt Obligation with Yes Bank
AI Summary
Reliance Infrastructure Ltd. has announced that its wholly owned subsidiary, JR Toll Road Private Limited (JRTR), has entered into an addendum to the Settlement Agreement with Yes Bank Limited (YBL) for the entire outstanding debt obligation of approximately INR 273 crore. This includes the interest owed by JRTR to YBL. The agreement has also resulted in the full settlement and discharge of the company’s obligation as a guarantor for the said loan on behalf of JRTR. YBL does not hold any shares in the company and is neither a related party nor part of the promoter group.
Key Highlights
- Reliance Infrastructure's subsidiary, JR Toll Road Private Limited, settles debt obligation of INR 273 crore with Yes Bank Limited
- The settlement includes the payment of the entire outstanding debt and interest
- The agreement also results in the full settlement of the company's obligation as a guarantor for the loan
- Yes Bank Limited does not hold any shares in the company and is not related to the promoter group
- This development is a significant move towards debt reduction for Reliance Infrastructure Ltd.