Using the definition of control provided by IFRS 10 and the following information, assess whether Giant Ltd has control over Tiny Ltd.

Giant Ltd acquires 48% of the voting rights of Tiny Ltd by purchasing 48% of its ordinary share capital. The remaining voting rights are held by 50,000 other shareholders, none of whom individually hold more than 1% of the voting rights. None of the shareholders has any arrangement to consult any of the others or make collective decisions. Furthermore, these small shareholders have never voted at previous shareholders’ meetings of Tiny Ltd.