Reliance Infra Clears Rs 273 Crore Loan of JR Toll Road with Yes Bank
- Reliance Infra settles Rs 273 crore loan of JR Toll Road with Yes Bank.
- Full repayment leads to discharge of Reliance Infra’s guarantor obligation.
- Stock gains seen for both Yes Bank and Reliance Infra post-announcement.
Reliance Infrastructure Ltd has announced the full repayment of a Rs 273 crore loan, including interest, by its wholly owned subsidiary JR Toll Road Pvt Ltd (JRTR) to Yes Bank. The move comes after both JRTR and Reliance Infra, acting as a corporate guarantor, signed an addendum to an earlier settlement agreement with the lender.
In a regulatory filing, Reliance Infrastructure confirmed that the payment has resulted in the complete discharge of its obligations as a guarantor for the said loan. The resolution marks a significant financial cleanup for the Anil Ambani-led firm as it continues efforts to streamline its debt burden.
The development also signals progress in Reliance Infra's broader strategy of debt reduction and improving its financial health. Following the announcement, shares of Yes Bank were trading slightly higher at Rs 19.78, up 0.25%, while Reliance Infrastructure shares rose 0.65% to Rs 374 on the BSE at 9:47 am on Monday.
The debt settlement aligns with the group’s ongoing efforts to deleverage and strengthen its balance sheet amid a challenging infrastructure financing environment.
