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Companies in a group
Company "A " with equity holding by promoter group to the extent of less than 20%. Rest of the equity of A is held by Public, Financial institutions, Mutual funds, etc. The promoter group owns 100% equity of company " B" in their individual capacity. Can company B termed as a group company of A or vice versa in terms of AS/IND AS.
Replies (1)
I think as they are holding equity ownership as personal capacity only and not a subsidiary of Company A. So, B Can not be termed as Group Company of A
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