India time is 9.5 hours ahead of Eastern time. Therefore, if it is  11:30 p.m. Eastern, the time in India would be 9:00 a.m. 1 person found this useful.
Definition. A wholly owned subsidiary is a company that is completely owned by another company called the parent company or holding company. The parent company will hold all of the subsidiary's common stock.ummary. A wholly owned subsidiary is a company completely owned by another company. The company that owns the subsidiary is called the parent company or holding company.
The Relationship Between a Company & Its Subsidiary. A subsidiary is a company that is wholly owned or majority controlled by another company, the parent.. Companies form or purchase subsidiaries for various reasons, including expanding business operations and spreading the risk of liability by engaging in new lines of business.