HL holds 51% shares and 10% debentures of VL. Then which of the following is the relationship
Question:
HL holds 51% shares and 10% debentures of VL. Then which of the following is the relationship between HL and VL?
(a) VL is associate company of HL.
(b) VL is subsidiary of HL.
(c) HL is subsidiary of VL.
(d) None of these.
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