Reliance Infrastructure shares rise over 3% after subsidiary settles Rs 273 cr debt with Yes Bank
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Shares of Reliance Infrastructure rose 3.1% to their day's high of Rs 384 on the BSE on Monday after the company announced that its wholly owned subsidiary, JR Toll Road Private Ltd (JRTR), has fully settled its outstanding debt obligation of approximately Rs 273 crore with Yes Bank The settlement, which includes interest, was completed under an addendum to the existing settlement agreement between JRTR and YBL.'In furtherance to our disclosures dated November 26, 2024 and April 1, 2025 and pursuant to Regulation 30 of the Listing Regulations, we hereby inform 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 ~INR 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount,' the company said in a regulatory filing.The company, which had also acted as a corporate guarantor for the loan, stated that the payment of the full settlement amount has resulted in the complete discharge of its obligation as a guarantor for the loan on behalf of JRTR.Reliance Infrastructure also clarified that Yes Bank does not hold any shares in the company and is neither a related party nor a member of the promoter group.Over the past year, the shares of Reliance Infrastructure have delivered a robust gain of 78.22%. On a year-to-date (YTD) basis, it is up 19.96%, while the six-month return stands at 32.38%. In the last three months, the stock has surged 59.87%, and over the past month, it has risen by 25.46%.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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