Reliance Infrastructure Finalizes Debt Settlement with Yes Bank

Reliance Infrastructure's subsidiary JR Toll Road Private has fully settled its debt of Rs 273 crore with Yes Bank. The settlement agreement also clears Reliance Infrastructure of any guarantor obligations related to this debt. Yes Bank, unrelated to the company, holds no shares in it.

Reliance Infrastructure, on Monday, announced that its subsidiary JR Toll Road Private has paid the full debt settlement of Rs 273 crore to Yes Bank Ltd. This development marks a significant debt resolution for the company.

The regulatory filing by Reliance Infrastructure indicated that the agreement not only resolves the outstanding debt but also absolves the company of any guarantor responsibilities for the loan initially taken by JR Toll Road Private.

Furthermore, the filing clarified that Yes Bank does not possess any shares in the company and is not connected as a related party or as a member of the promoter group.

(With inputs from agencies.)