Reliance Infrastructure Limited (Reliance Infra) announced that its wholly-owned subsidiary, JR Toll Road Private Limited (JRTR), has signed a settlement agreement with Yes Bank Limited (YBL) to resolve its entire outstanding debt of approximately Rs 271.18 crore, inclusive of interest.
Key Highlights:
- Debt Settlement Agreement: The agreement ensures full discharge of the debt obligation, including Reliance Infra’s corporate guarantee for JRTR’s loan.
- Regulatory Filing: Reliance Infra disclosed the agreement under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
- Non-Related Party Clarification: Yes Bank does not hold any shares in Reliance Infrastructure and is neither a related party nor part of the promoter group.
