Reliance Infrastructure’s wholly owned subsidiary -- JR Toll Road (JRTR) has entered into an addendum to the Settlement Agreement with Yes Bank for the entire outstanding debt obligation of around Rs 273 crore (including interest) owed by JRTR to the bank. The JRTR has duly paid the entire settlement amount.
The company was the Corporate Guarantor of JRTR for the said loan and with this agreement, the company’s obligation as a guarantor is fully settled.
Reliance Infrastructure (RInfra) is one of the largest infrastructure company, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors within the infrastructure space such as Power, Roads, Airport, Metro Rail and Defence.
