Anil Ambani controlled engineering, procurement and construction (EPC) company Reliance Infrastructure Ltd on said it had reduced its debt to Rs 4.75 billion from Rs 3.83 billion after settling dues with creditors.Bad loan aggregator Invent Assets Securitisation and Reconstruction a creditor to the company, novated certain charged securities to recover its dues as a result, Invent ARC's entire fund based outstanding amount has been reduced to zero Reliance Infra said.Invent which had taken charge of some debt of the company has sold those securities to another investor which is why its outstanding to R Infra has come down, said a person familiar with the settlement. ET could not ascertain the amount of debt that had changed hands. Reliance Infra has also cleared its funded outstanding dues to Life Insurance Corporation of India (LIC), Edelweiss Asset Reconstruction Company Limited, ICICI Bank, Union Bank, and other lenders, the company said.Edelweiss Asset Reconstruction Company Ltd was paid Rs 2.35 billion to settle total dues of Rs 3.85 billion with respect to NCDs of R Infra held by them at about a 39% haircut for the creditor. The one time settlement with Edelweiss will be completed by the end of the month, the company said. Similarly LIC was paid Rs 6.00 billion to settle dues of Rs 10 billion on NCDs held by the insurer, a 40% haircut on total dues, person cited above said.The company did not give any details of settlement with Union Bank, ICICI and other unnamed lenders mentioned in the stock exchange filings. As a result of all these settlements, the company’s external debt liability is down to Rs 4.75 billion. Consequently, the net worth of the company will stand at Rs 90.41 billion, R Infra said.