General Studies · Corporate Restructuring
Given below are two statements regarding corporate restructuring: Statement I: If a conglomerate company splits its businesses into two or more independent companies, it is called a 'split-up'. Statement II: In a 'split-up', the parent company ceases to exist and two or more independent companies emerge in its place. In light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct.✓
- 2Both Statement I and Statement II are incorrect.
- 3Statement I is correct, but Statement II is incorrect.
- 4Statement I is incorrect, but Statement II is correct.
Correct answer
Both Statement I and Statement II are correct.
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