A Limited acquired 30% of the ordinary shares of B Limited.

B Limited has 80% of the ordinary shares of C Limited. C Limited has 65% of the ordinary shares of D limited. A limited and D limited have joint control of E Limited and each has 50% in E Limited. What is the relationship between B Limited and E Limited?
Select one:
O a. Investor-associate O b. Acquirer-acquiree O c. No relationship
O d. Parent-subsidiary