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FinTech Glossary

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Wholly Owned Subsidiary

Definition

A wholly owned subsidiary is a company whose entire share capital is owned by another company, giving the parent full control over operations, management, and financial decisions.

How Wholly Owned Subsidiaries Operate

The subsidiary operates as a separate legal entity but follows the parent company’s strategic direction. Financial reporting is consolidated into the parent’s accounts.

Why They Matter

The subsidiary operates as a separate legal entity but follows the parent company’s strategic direction. Financial reporting is consolidated into the parent’s accounts.

India Context

In India, wholly owned subsidiaries are common in fintech, technology, and multinational operations to meet regulatory and operational requirements.

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