Vembu offers 50% of his Zoho shares to his wife amid divorce proceedings, she refuses
In a shocking turn of events, billionaire Sridhar Vembu, the founder of Zoho, has offered to give 50% of his shares in the company to his wife, Pramila Srinivasan, amid their divorce proceedings. This revelation was made by Vembu’s lawyer, Christopher Melcher, who stated that instead of accepting the offer, Srinivasan has alleged that Vembu is trying to cheat her in the divorce.
According to Melcher, Vembu’s offer to transfer 50% of his shares in Zoho to Srinivasan is a significant one, considering the company’s valuation and Vembu’s stake in it. “This makes no sense as Sridhar has already transferred his interest in the family home to her,” Melcher added, highlighting the generosity of Vembu’s offer.
The news of Vembu’s offer and Srinivasan’s refusal has sent shockwaves in the business and tech communities, with many wondering what could be the reason behind Srinivasan’s decision. The divorce proceedings between Vembu and Srinivasan have been making headlines for some time now, with both parties involved in a bitter battle over assets and properties.
Vembu, who is estimated to be worth over $17 billion, founded Zoho in 1996, and the company has since grown into a successful software-as-a-service (SaaS) provider. Zoho’s products and services are used by millions of customers worldwide, and the company has become a household name in the tech industry.
The divorce proceedings between Vembu and Srinivasan have been marked by controversy and drama, with both parties making allegations against each other. While Vembu’s offer to transfer 50% of his shares in Zoho to Srinivasan may seem like a generous one, it is unclear what motivated him to make such an offer.
Some experts believe that Vembu’s offer may be a strategic move to avoid a lengthy and costly divorce battle. By offering Srinivasan a significant stake in Zoho, Vembu may be trying to settle the divorce proceedings amicably and avoid a protracted fight over assets.
However, Srinivasan’s refusal to accept Vembu’s offer has raised questions about her intentions and motivations. Is she seeking a larger share of Vembu’s assets, or is there something more to her allegations of Vembu trying to cheat her in the divorce?
The drama surrounding Vembu and Srinivasan’s divorce proceedings is likely to continue, with both parties engaging in a bitter battle over assets and properties. As the case unfolds, it will be interesting to see how the court decides to divide Vembu’s assets, including his stake in Zoho.
In the meantime, Vembu’s offer to transfer 50% of his shares in Zoho to Srinivasan has sparked a debate about the valuation of the company and the significance of Vembu’s stake in it. With Zoho’s valuation estimated to be in the billions, Vembu’s offer is a significant one, and Srinivasan’s refusal to accept it has raised eyebrows.
As the divorce proceedings between Vembu and Srinivasan continue, one thing is certain – the outcome will have significant implications for both parties involved. Will Vembu’s offer be accepted, or will Srinivasan continue to allege that Vembu is trying to cheat her in the divorce? Only time will tell.
In conclusion, the news of Vembu’s offer to transfer 50% of his shares in Zoho to Srinivasan amid their divorce proceedings has sent shockwaves in the business and tech communities. While Vembu’s offer may seem like a generous one, Srinivasan’s refusal to accept it has raised questions about her intentions and motivations. As the case unfolds, it will be interesting to see how the court decides to divide Vembu’s assets, including his stake in Zoho.
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