Popular Vehicles and Services Debt & Borrowing: ₹48.5 Cr
Popular Vehicles and Services Ltd is renewing corporate guarantees totaling ₹48.50 Crore in favour of State Bank of India for its two wholly-owned subsidiaries.
- Value
- ₹48.50 Cr
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Popular Vehicles and Services Ltd is renewing corporate guarantees totaling ₹48.50 Crore in favour of State Bank of India for its two wholly-owned subsidiaries.
Popular Vehicles and Services Limited disclosed it is 'Not a Large Corporate' as of March 31, 2026, per SEBI criteria. The company reported outstanding borrowings of ₹410.43 Crore and maintained a 'Long term -A/stable' credit rating from CRISIL.
Popular Vehicles and Services Ltd has extended a ₹20 Crore corporate guarantee to Axis Bank for its subsidiary, Popular Autoworks Private Limited. This guarantee supports the subsidiary's Jaguar Land Rover inventory funding facility and is conducted on an arm's length basis.