Key Highlights
- Reliance Infra subsidiary JR Toll Road repays entire ₹273 cr loan, including interest, to Yes Bank today.
- Shares of Reliance Infra surge over 3%, reflecting positive investor sentiment amid the debt settlement news.
Reliance Infrastructure Ltd announced on Monday that its wholly owned subsidiary, JR Toll Road Pvt Ltd (JRTR), has fully repaid a loan of approximately Rs 273 crore, including interest, to Yes Bank.
In a regulatory filing, the company stated that JRTR, with Reliance Infrastructure acting as the corporate guarantor, executed an addendum to the previous settlement agreement with Yes Bank and cleared the entire outstanding balance.
"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 court document stated.
The settlement between Reliance Infrastructure Ltd and Yes Bank resolves a long-standing debt owed by JRTR, a wholly owned subsidiary of RInfra.
In Reliance Infrastructure's continuous efforts to lower its overall debt load, the repayment of the debt is a crucial step. The business added that Yes Bank is neither a member of the promoter group nor a related party, and it has no equity in Reliance Infrastructure.
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This comes after the business previously disclosed information regarding the debt resolution procedure on November 26, 2024, and April 1, 2025.
According to BSE data, Yes Bank's shares were up 0.25 percent at Rs 19.78 and Reliance Infrastructure's were up 0.65 percent at Rs 374.
Reliance Infrastructure is released from its guarantor responsibilities and its possible future liabilities are diminished with the full repayment of Rs 273 crore, including interest. Rebuilding RInfra's financial credibility is facilitated by the action, which is viewed as credit-positive.
The successful completion of this repayment improves the company's financial profile and market confidence. It is a component of Reliance Infra's broader plan to lessen debt burden.
