Rainbow ltd. (USA) acquires another company, milk food ltd of india by invested 100% in its equity. what will milk food ltd be called ?
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Milk food ltd. will be called as a 100% fully occupied subsidiary firm.
Explanation:
Milk food ltd. will be called as a 100% fully occupied subsidiary firm.
A wholly or fully occupied subsidiary firm is a type of enterprise that is completely occupied or owned by an other company.
The company which owns or occupies the subsidiary is said to be the parent company. The parent company is the one that holds all or 100% of the common stock of the subsidiary.
Hence, the Milk food ltd. is said be a wholly subsidiary that is acquired by Rainbow ltd. (USA) with the investment of its 100% equity.
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Explanation:
Milk food ltd. will be called as a 100% fully occupied subsidiary firm. Explanation: Milk food ltd. will be called as a 100% fully occupied subsidiary firm.
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