Anil Ambani’s Reliance Infra defaults seven times to Yes Bank since February

Reliance Infrastructure, led by Anil Ambani, has defaulted seven times since February 1, 2020, in making payments for loans given by Yes bank, as per different disclosures made to the stock exchanges by the company. Similarly, the company had defaulted four times in making payments to Jammu and Kashmir Bank (J&K Bank) and SREI Equipment Finance, the disclosures showed.

Reliance Infrastructure could not make timely payments on two term loans of Rs 3,627 crore and Rs 945 crore availed from Yes Bank. Likewise, it had defaulted in making payments on loans of Rs 75 crore from J&K Bank and Rs 27 crore from SREI Equipment Finance.