Reliance Infrastructure Limited — Important, 26-11-2024: Agreements

JR Toll Road Private Limited, a wholly-owned subsidiary of Reliance Infrastructure, has entered into a Settlement Agreement with Yes Bank Limited to settle its outstanding debt obligation of approximately Rs 271.18 crore, including interest. This agreement results in the full discharge of Reliance Infrastructure’s obligations as a guarantor for the loan taken by its subsidiary. Importantly, Yes Bank does not hold any shares in Reliance Infrastructure and is not considered a related party or part of the promoter group. This development may enhance the financial stability of the company moving forward. Investors should note the positive implications of reduced financial liabilities.