Sorry, but I'll try to explain how a subsidiary differs from a division
Glenmark Pharmaceuticals USA is a division (subsidiary) of Glenmark Pharmaceuticals Ltd.
WRONG!!
A division is a part of a business corporation or entity which usually represent a certain segment of the companys business and all divisions have shared liability
A subsidiary is a separate corporate entity, distinct from its parent in risk/liability etc.. This is what defines Glenmark USA - a separate company from Glenmark Ltd
Glad I could clear up the confusion and set the record straight
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