Reliance Infra settles loan of Rs 273 crore by JR Toll Road Pvt to Yes Bank
New Delhi: Reliance Infrastructure Ltd has announced that the company has settled a loan of Rs 273 crore (approximately) including interest, owed by its wholly owned subsidiary JR Toll Road Pvt Ltd (JRTR) to Yes Bank.
The exchange filing stated that JR Toll Road Private Limited (JRTR), a wholly owned subsidiary of the Company (along with the Company as Corporate Guarantor), has entered into an addendum to the Settlement Agreement today with Yes Bank Limited (YBL) for the entire outstanding debt obligation of Rs 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount.
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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, it added.
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The payment of loan is a major step towards its efforts taken by Reliance Infra in reducing their debt burden. Further it is clarified that Yes Bank does not hold any equity in Reliance Infrastructure. This development follows earlier two disclosures made by company regarding debt resolution procedure on November 26, 2024 and April 1, 2025
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