Anil Ambani’s Multibagger Back in Focus After Full and Final Debt Settlement with Yes Bank

Indian equity benchmark indices opened lower on Monday, weighed down by rising geopolitical tensions. The Nifty 50 index declined by 167 points, slipping below the 25,000 mark in early trade on June 23.

Despite the sharp fall at the opening bell, stock-specific action continues to dominate Dalal Street. One stock that remains firmly in the spotlight is Reliance Infrastructure.

Last week, Anil Ambani’s Reliance Infrastructure made headlines following a major announcement at the Paris Air Show. Dassault Aviation and Reliance Aerostructure Limited (RAL), a subsidiary of Reliance Infrastructure, unveiled a landmark strategic partnership to manufacture Falcon 2000 business executive jets in India for global markets. This collaboration marks a significant milestone in advancing India’s aerospace manufacturing capabilities.

For the first time in its history, Dassault Aviation will produce Falcon 2000 jets outside of France—a move that positions India as a strategic hub for high-end business jet manufacturing. The agreement also marks India’s entry into the elite group of nations producing next-generation business jets, joining the ranks of the United States, France, Canada, and Brazil. Further, DRAL is set to become the Center of Excellence (CoE) for the Falcon series, including the Falcon 6X and Falcon 8X assembly programs—the first such CoE established by Dassault outside France. The final assembly line for Falcon 2000 jets will be built in Nagpur, Maharashtra.

Adding to the momentum, another development was reported on Monday morning. According to a company press release, JR Toll Road Private Limited (JRTR)—a wholly owned subsidiary of Reliance Infrastructure—along with the Company as Corporate Guarantor, has entered into an addendum to the Settlement Agreement with Yes Bank Limited (YBL) for the full and final settlement of outstanding dues amounting to approximately Rs 273 crore (including interest). The entire settlement amount has been duly paid. This agreement also results in the complete discharge of Reliance Infrastructure’s obligation as guarantor for the said loan. Notably, Yes Bank does not hold any equity in Reliance Infrastructure and is neither a related party nor part of the promoter group.

As of 9:20 AM on the NSE, Reliance Infrastructure shares were trading flat at Rs 371, having touched an intraday high of Rs 373.60. Over the last three years, the stock has delivered multibagger returns of 311.41 per cent.

Disclaimer: The article is for informational purposes only and not investment advice. 

Note: Image Source PTI