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Reliance Infrastructure Ltd has fully repaid the Rs 2.73 billion loan—including interest—owed by its wholly owned subsidiary JR Toll Road (JRTR) to Yes Bank.

An addendum to the original settlement agreement, first signed on 26 November 2024, was executed on 23 June, confirming that all outstanding debt has been cleared. As a result, Reliance Infrastructure’s obligation as corporate guarantor has also been discharged, bringing the matter to a close.

The company stressed that Yes Bank neither holds shares in Reliance Infrastructure nor forms part of its promoter group, underscoring that the transaction is entirely arm’s length.

The settlement forms part of Reliance Infrastructure’s wider strategy to strengthen its balance-sheet. In financial year 2024-25 the firm cut standalone borrowings from banks and financial institutions by roughly Rs 33 billion, reducing such debt to nil as at 31 March.

Reliance Infrastructure’s share price has climbed about 23 per cent over the past month, buoyed by major order wins in defence and solar projects and continued progress on deleveraging.