Latest news with #JRTR
India.com
24-06-2025
- Business
- India.com
Anil Ambani continues to rise! once office seized by this bank, now pays Rs 2730000000 to…, share price surged by…
Anil Ambani (File) Anil Ambani's fortunes are changing so fast. Five years ago, when Anil Ambani was unable to secure a bank loan, Yes Bank had seized the Reliance Center, the headquarters of the Anil Dhirubhai Ambani Group (ADAG) in Mumbai. Under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, the bank had taken possession of Anil Ambani's office. However, after five years, both the situation and circumstances have changed. Now, Anil Ambani has repaid Rs 273 crore to the same bank, making his company debt-free. Reliance Infra Repays Loan Reliance Infrastructure on Monday said its wholly-owned subsidiary JR Toll Road Private (JRTR) has paid the entire debt settlement amount of Rs 273 crore to Yes Bank Ltd (YBL). Reliance Infrastructure in a regulatory filing said the agreement has also resulted in full settlement/discharge of the company's obligation as a guarantor for the said loan on behalf of JRTR. YBL does not hold any shares in the Company and is neither a related party nor part of the promoter group, it added. ' …we hereby inform that JR Toll Road Private Limited (JRTR), a wholly owned subsidiary of the Company has entered into an addendum to the settlement agreement today with Yes Bank Limited (YBL) for the entire outstanding debt obligation of Rs 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount,' Reliance Infrastructure said. Reliance Infra Share Price Surge After this update with the stock market, the company saw a surge in Reliance Infra shares price. Despite overall market declines, Reliance Infra's shares rose by 1.81% to Rs 380. Over the last month, the stock has gained 20%, delivering a 77% return in the past year, and has grown ten times over five years.
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Business Standard
23-06-2025
- Business
- Business Standard
Reliance Infra subsidiary settles ₹273 crore debt obligation to Yes Bank
JR Toll Road Private Limited (JRTR), a wholly owned subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), has settled the entire outstanding debt obligation of ₹273 crore (including interest) owed to Yes Bank. '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 ₹273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount,' R-Infra stated. The company entered into a debt settlement agreement with Yes Bank on Monday (June 23) and has duly paid the entire settlement amount, according to its stock exchange filing. 'The above agreement has also resulted in full settlement/discharge of the Company's obligation as a guarantor for the said loan on behalf of JRTR,' the company added. Earlier, in November 2024, the company had entered into an agreement with the bank to settle the then-debt obligation of ₹271.18 crore (including interest). However, the agreement was terminated in April 2025 due to a delay in payment of the balance settlement amount by JRTR. Since then, JRTR had been in discussions with Yes Bank for an extension of the settlement proposal. Earlier this month, the Bombay High Court directed the Mumbai Metropolitan Region Development Authority (MMRDA) to pay the arbitration award of ₹1,169 crore to Mumbai Metro One Pvt Ltd (MMOPL), another subsidiary of R-Infra. On June 4, the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the National Company Law Tribunal (NCLT), Mumbai, admitting Reliance Infrastructure into the Corporate Insolvency Resolution Process (CIRP). In 2022, IDBI Trusteeship Services — an operational creditor jointly promoted by IDBI Bank, LIC and GIC of India — filed a plea with the NCLT to initiate insolvency proceedings against R-Infra over an alleged default of ₹88.68 crore (excluding interest).
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Business Standard
23-06-2025
- Business
- Business Standard
Reliance Infra arm JRTR pays Yes Bank ₹273 cr for debt settlement
Reliance Infrastructure on Monday said its wholly-owned subsidiary JR Toll Road Private (JRTR) has paid the entire debt settlement amount of Rs 273 crore to Yes Bank Ltd (YBL). Reliance Infrastructure in a regulatory filing said the agreement has also resulted in full settlement/discharge of the company's obligation as a guarantor for the said loan on behalf of JRTR. YBL does not hold any shares in the Company and is neither a related party nor part of the promoter group, it added. " ...we hereby inform that JR Toll Road Private Limited (JRTR), a wholly owned subsidiary of the Company has entered into an addendum to the settlement agreement today with Yes Bank Limited (YBL) for the entire outstanding debt obligation of Rs 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount," Reliance Infrastructure said.
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Business Standard
23-06-2025
- Business
- Business Standard
Reliance Infra settles ₹273-crore loan of JR Toll Road with Yes Bank
Reliance Infrastructure Ltd (RInfra) on Monday said it has fully settled a ₹273-crore loan, including interest, owed by its wholly owned subsidiary JR Toll Road Pvt Ltd (JRTR) to Yes Bank Ltd. In a regulatory filing, the company said JRTR, together with RInfra acting as the corporate guarantor, signed an addendum to the earlier settlement agreement with Yes Bank. The entire debt obligation has been paid in full, discharging RInfra's liability as guarantor. JR Toll Road Pvt Ltd is a special purpose vehicle, incorporated by Reliance Infrastructure, to develop, operate and maintain a 52-km stretch of National Highway 11 between Jaipur and Reengus in Rajasthan. The project had been executed under the Design-Build-Finance-Operate-Transfer (DBFOT) model and involved a four- to six-lane highway. It became operational in 2013, with toll collection beginning the same year. The highway played a strategic role in improving connectivity between Jaipur and surrounding regions, easing congestion, and supporting economic activity in the corridor. It also formed part of Reliance Infrastructure's portfolio of road assets built under public–private partnership frameworks. Why did Yes Bank classify RInfra's loan as an NPA? The ₹273-crore loan from Yes Bank had previously been classified as a non-performing asset (NPA). According to banking regulations, a loan is treated as an NPA if interest or principal payments remain overdue for more than 90 days. In JRTR's case, prolonged financial stress and recurring losses had impaired its ability to meet debt obligations on time. Auditors had noted that the company's current liabilities exceeded its current assets and that it had initiated arbitration proceedings against the National Highways Authority of India in 2023. This dispute had created further uncertainty around revenue flows from the toll project. Although the Reserve Bank of India's pandemic-related moratorium briefly delayed NPA classification, a Delhi High Court ruling in 2020 noted that while the loan account was still standard as of February that year, the company's financial position remained weak. Over time, the account met multiple criteria for NPA classification under the central bank's prudential norms. Following the update, Yes Bank was trading at ₹19.77, up 0.10 per cent on Monday morning at 10:10 am, according to BSE.
Business Standard
23-06-2025
- Business
- Business Standard
Reliance Infra subsidiary settles debt obligation with Yes Bank
Reliance Infrastructure announced that its wholly owned subsidiary, JR Toll Road (JRTR) has entered into an addendum to the Settlement Agreement today with Yes Bank (YBL) for the entire outstanding debt obligation of Rs 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount. The above agreement has also resulted in full settlement/discharge of the Company's obligation as a guarantor for the said loan on behalf of JRTR. YBL does not hold any shares in the Company and is neither a related party nor part of the promoter group.
