Reliance Infrastructure Limited (Reliance Infra) disclosed today that its wholly-owned subsidiary, JR Toll Road Private Limited (JRTR), has entered into a settlement agreement with Yes Bank Limited (YBL) to settle the entire outstanding debt obligation of approximately Rs 271.18 crore, inclusive of interest.
In a filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company stated that this agreement also results in a full discharge of Reliance Infra’s obligation as the corporate guarantor for the said loan on behalf of JRTR.
The company further clarified that Yes Bank does not hold any shares in Reliance Infrastructure and is neither a related party nor part of the promoter group.
This resolution highlights Reliance Infra’s ongoing efforts to reduce debt and strengthen its financial position.
