The phrase "several subsidiaries" means that there are multiple smaller companies or organizations that are under the control or ownership of a larger parent company. Full definition
The mutual company (owned by its policyholders) offers coverage through several subsidiaries. (smartautoinsurance.com)
With several subsidiary rights at stake and money associated with them, you need someone who has the expertise and knowledge in translating the book contract for you. (readersfavorite.com)
Coinbase is the parent company of several subsidiaries, most of which will support Bitcoin Fork withdrawals. (gocrypto.site)