Vembu offers 50% of his Zoho shares to his wife amid divorce proceedings, she refuses
The divorce proceedings between billionaire Sridhar Vembu, the founder of Zoho, and his wife Pramila Srinivasan, have taken a dramatic turn. According to Vembu’s lawyer, Christopher Melcher, the billionaire has offered to give 50% of his shares in Zoho to his wife as part of the divorce settlement. However, in a surprising move, Pramila has refused the offer.
The news of the offer and refusal has sent shockwaves through the business and tech communities, with many wondering what could have prompted Pramila to decline such a lucrative offer. Vembu’s lawyer, Melcher, has expressed his confusion and frustration at Pramila’s decision, stating that “instead, she has claimed that Sridhar is trying to cheat her in the divorce.” Melcher added that “this makes no sense as Sridhar has already transferred his interest in the family home to her.”
The divorce proceedings between Vembu and Pramila have been making headlines in recent weeks, with both parties engaging in a bitter and public dispute. The latest development in the case has only added to the drama, with many speculating about the true motives behind Pramila’s refusal.
Vembu’s offer to give 50% of his shares in Zoho to Pramila is a significant one, given the company’s valuation and success. Zoho is a leading software company that provides a range of business applications, including customer relationship management, project management, and marketing automation tools. The company has gained a significant following and has been praised for its innovative approach to software development and customer service.
With a valuation of over $10 billion, Zoho is one of the most successful software companies in the world. Vembu’s offer to give 50% of his shares to Pramila would have made her an instant billionaire, with a significant stake in one of the world’s most successful tech companies.
So, why did Pramila refuse the offer? According to her lawyer, the reason for the refusal is that Pramila believes that Vembu is trying to cheat her out of her rightful share of the company. Pramila’s lawyer has stated that the offer is not genuine and that Vembu is trying to use the offer as a way to manipulate the divorce proceedings.
The dispute between Vembu and Pramila has been ongoing for several months, with both parties engaging in a bitter and public feud. The latest development in the case has only added to the drama, with many speculating about the true motives behind Pramila’s refusal.
As the divorce proceedings continue, it remains to be seen how the dispute will be resolved. Will Vembu and Pramila be able to come to a mutually acceptable agreement, or will the dispute continue to play out in the public eye? Only time will tell.
In the meantime, the business and tech communities will be watching the developments with great interest. The dispute between Vembu and Pramila has significant implications for the future of Zoho and the tech industry as a whole.
As one of the most successful tech companies in the world, Zoho has a significant following and a reputation for innovation and excellence. The dispute between Vembu and Pramila has the potential to impact the company’s future, with many wondering what will happen to Zoho if the dispute is not resolved amicably.
For now, the future of Zoho and the outcome of the divorce proceedings between Vembu and Pramila remain uncertain. One thing is clear, however: the dispute has the potential to have significant implications for the tech industry and the business world.
In conclusion, the offer by Vembu to give 50% of his shares in Zoho to Pramila, and her subsequent refusal, has added a new twist to the ongoing divorce proceedings. As the dispute continues to play out, it remains to be seen how the situation will be resolved. One thing is certain, however: the outcome of the dispute will have significant implications for the future of Zoho and the tech industry as a whole.
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