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.
Separate Entities. Both the parent and subsidiary are separate entities and independent of one another. In some cases, the parent is the sole shareholder of the subsidiary, while in others the parent owns more than 50 percent of the voting stock.eparate Entities. Both the parent and subsidiary are separate entities and independent of one another. In some cases, the parent is the sole shareholder of the subsidiary, while in others the parent owns more than 50 percent of the voting stock.