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 the offer was made in good faith, but was met with resistance from Srinivasan.
According to Melcher, Vembu’s offer to give 50% of his Zoho shares to Srinivasan was a genuine attempt to settle the divorce proceedings amicably. However, Srinivasan has refused the offer, claiming that Vembu is trying to cheat her in the divorce. This claim has left Melcher perplexed, as he points out that Vembu has already transferred his interest in the family home to Srinivasan.
“It makes no sense that Srinivasan would claim that Vembu is trying to cheat her, given that he has already transferred his interest in the family home to her,” Melcher said. “This is a clear indication that Vembu is committed to ensuring that Srinivasan is well taken care of, even after the divorce.”
The divorce proceedings between Vembu and Srinivasan have been making headlines in recent weeks, with both parties engaging in a bitter battle over the division of assets. Vembu, who is estimated to be worth over $17 billion, has been accused by Srinivasan of trying to hide his assets and undervalue his stake in Zoho.
However, Vembu’s lawyers have denied these allegations, stating that their client has been transparent about his assets and has made every effort to settle the divorce proceedings amicably. The offer to give 50% of his Zoho shares to Srinivasan is seen as a major concession, and one that demonstrates Vembu’s commitment to finding a fair and equitable solution to the divorce.
The refusal by Srinivasan to accept Vembu’s offer has raised questions about her motivations and what she hopes to achieve through the divorce proceedings. While it is unclear what Srinivasan’s next move will be, it is clear that the divorce proceedings between Vembu and Srinivasan will continue to be a highly contested and closely watched battle.
The case has also sparked a wider debate about the division of assets in divorce proceedings, particularly when it comes to high-net-worth individuals. The fact that Vembu has offered to give 50% of his Zoho shares to Srinivasan has raised questions about whether this is a fair and reasonable settlement, and what implications it may have for other divorce cases involving high-net-worth individuals.
As the divorce proceedings between Vembu and Srinivasan continue to unfold, it is likely that we will see more twists and turns in the case. One thing is certain, however: the outcome of this case will have significant implications for the division of assets in divorce proceedings, and will be closely watched by lawyers, financial experts, and the general public.
In the meantime, Vembu’s lawyers have maintained that their client has acted in good faith throughout the divorce proceedings, and has made every effort to settle the case amicably. The offer to give 50% of his Zoho shares to Srinivasan is seen as a major concession, and one that demonstrates Vembu’s commitment to finding a fair and equitable solution to the divorce.
As the case continues to unfold, it is likely that we will see more developments and updates. For now, however, it is clear that the divorce proceedings between Vembu and Srinivasan will be a highly contested and closely watched battle, with significant implications for the division of assets in divorce proceedings.
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