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.
Also, because a parent company and a subsidiary are separate entities, it is entirely possible for one of them to be involved in legal proceedings, bankruptcy, tax delinquency, indictment, and/or under investigation, while the other is not. subsidiary may itself have subsidiaries, and these, in turn, may have subsidiaries of their own. A parent and all its subsidiaries together are called a group, although this term can also apply to cooperating companies and their subsidiaries with varying degrees of shared ownership.