POPULAR VEHICLES & SERVICES LTD : SUBSIDIARY CREDIT RATING REAFFIRMED

• Popular Autoworks Private Limited (PAPL), a wholly-owned subsidiary, had its long-term/short-term bank facilities amounting to ₹105.70 Crores reaffirmed at CARE A-; Stable / CARE A2+. • New rating of CARE A-; Stable was assigned for long-term bank facilities worth ₹7.50 Crores. • Long-term bank facilities of ₹15.50 Crores were reaffirmed at CARE A-; Stable. • The subsidiary's upgraded rating is also available at https://www.careratings.com/.

Popular Vehicles and Services Ltd

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