A is ultimate holding company B is 100% subsidiary of A. C & D is also(100%)each subsidiay of B. C holds 80% in E.& D holds 17% in E. My question is as the point of view of E----What is the relationship / classification of D & B .
A |---100% B---( B holds 100% each in C & D) | | C D--(C holds 80% in E & D holds 17% In E) | | E
Plz clarify point of view of E----- ----What relation is called D. ----What relation is called B. Thanks
01 June 2012
Sorry, ignore my earlier reply. I missed holding company of D.
B is Intermediate Holding Company D is fellow subsidiary since it is a subsidiary of E's ultimate holdingCompany. This will be true even is D does not hold any % in E.
CAclubindia
