Reliance Infra clears Rs 273 crore JR Toll Road loan with Yes Bank
Reliance Infrastructure Ltd
on Monday announced that it has fully settled a loan of approximately Rs 273 crore, including interest, owed by its wholly owned subsidiary
JR Toll Road Pvt Ltd
(JRTR) to
Yes Bank
.
In a regulatory filing, the company said JRTR, along with Reliance Infrastructure as the corporate guarantor, signed an addendum to the earlier settlement agreement with Yes Bank and has paid the entire outstanding amount.
'The above agreement has also resulted in full settlement/discharge of the Company's obligation as a guarantor for the said loan on behalf of JRTR,' the filing stated.
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Undo
Yes Bank, was trading at Rs 19.78, up 0.25% on Monday morning at 9:47 am, according to BSE.
Meanwhile, Anil Ambani-owned
Reliance infra
was trading at Rs 374, up 0.65%, at the same time.
Live Events
The
loan repayment
marks a key step in Reliance Infra's efforts to reduce its debt burden. The company also clarified that Yes Bank does not hold any equity in Reliance Infrastructure and is neither a related party nor part of the promoter group.
The development follows earlier disclosures made by Reliance Infrastructure on November 26, 2024 and April 1, 2025, regarding the debt resolution process.
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