PVSL Provides Rs 20 Cr Corporate Guarantee for Subsidiary

Popular Vehicles and Services Ltd (PVSL) has provided a corporate guarantee of ₹20 crore to Axis Bank for its subsidiary's inventory funding.
The guarantee supports the renewal and enhancement of an inventory funding facility for Jaguar Land Rover vehicles.
The guarantee is for wholly-owned subsidiary Popular Autoworks Private Limited and is considered an arm's length transaction.