If A Ltd owns 70% of B Ltd and B Ltd owns 60% of C Ltd, the indirect NCI in C Ltd is 18%.

Name: If A Ltd owns 70% of B Ltd and B Ltd owns 60% of C Ltd, the indirect NCI in C Ltd is 18%.
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Quizplus · Accepted Answer

The indirect non-controlling interest (NCI) in C Ltd is calculated by multiplying the minority interest percentages: 30% (100% - 70%) of A Ltd's ownership in B Ltd and 40% (100% - 60%) of B Ltd's ownership in C Ltd, resulting in 0.30 * 0.40 = 0.12 or 12%. Therefore, the indirect NCI in C Ltd is 12%, not 18%.

If a Ltd Owns 70% of B Ltd and B