Reliance Infrastructure Share Price Today: Why Are Anil Ambani-Company's Stocks Are Trading Higher?

Reliance Infrastructure Share Price: The shares of Reliance Infrastructure are trading 1.34 per cent or Rs 3.70 higher on Thursday after the company announced that its subsidiary, JR Toll Road Private Limited (JRTR), has finalised a settlement agreement with Yes Bank Limited (YBL) to clear its outstanding debt, according to an exchange filing shared on November 27.  

The agreement, signed on November 26, 2024, resolves financial obligations totalling approximately Rs 271.18 crore, inclusive of principal and accrued interest, the company disclosed in the filing.  

No Further Liabilities

The settlement also releases Reliance Infrastructure, which served as the corporate guarantor for JRTR, from any further liabilities linked to the loan, according to the notification.  

This resolution eliminates JRTR's debt burden with Yes Bank, allowing the subsidiary to focus on its core business and growth initiatives. The discharge of the corporate guarantee reduces potential financial risks for Reliance Infrastructure, enhancing its overall financial position.  

Yes Bank, which is neither a shareholder nor a related party to Reliance Infrastructure, is not associated with the company's promoter group.  

The development will mark a major step in improving the financial health of JRTR and its parent company, Reliance Infrastructure, by addressing a major liability.