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What is difference between subsidiary company and group company?

April 26, 2017Business COMPANY corporations difference Finance group India subsidiary

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What is difference between subsidiary company and group company?

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Subsidiary company is a child company of the group company and group company is the parent company of the subsdiary company…… Suppose, if abc company has brought 51% or more of xyz company then, xyz company is called as a subsdiary company of abc.