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, claiming that Sridhar is trying to cheat her in the divorce.
The news of the offer and refusal has sent shockwaves in the business and tech communities, with many wondering what could have led to such a drastic decision. As reported by Vembu’s lawyer, the offer of 50% of Zoho shares is a significant one, considering the company’s valuation and Sridhar’s stake in it. Zoho is a highly successful software company with a valuation of over $10 billion, and Sridhar’s shares are estimated to be worth billions of dollars.
The offer, according to Melcher, was made in good faith, with the intention of settling the divorce amicably. “Instead, she has claimed that Sridhar is trying to cheat her in the divorce,” Melcher said. “This makes no sense as Sridhar has already transferred his interest in the family home to her,” he added. This statement suggests that Sridhar has already made significant concessions in the divorce settlement, and the offer of 50% of Zoho shares was a genuine attempt to resolve the matter amicably.
The refusal of the offer by Pramila has raised questions about her intentions and what she hopes to achieve from the divorce. It is possible that she is seeking a larger share of Sridhar’s assets or is unhappy with the terms of the settlement. However, without more information, it is difficult to say what exactly led to her decision.
The divorce proceedings between Sridhar and Pramila have been making headlines for some time now, with both sides making allegations and counter-allegations. The latest development in the case has added a new twist to the story, with many wondering what will happen next.
It is worth noting that the divorce proceedings are not just about the division of assets but also about the control and management of Zoho. As the founder and CEO of the company, Sridhar has a significant stake in the company’s future, and any changes in the ownership structure could have far-reaching implications for the company.
In recent years, Zoho has emerged as one of the leading software companies in the world, with a range of products and services that cater to the needs of businesses and individuals. The company has a strong reputation for innovation and customer satisfaction, and its products are used by millions of people around the world.
The news of the divorce and the offer of 50% of Zoho shares has raised questions about the future of the company and its leadership. While Sridhar has been the driving force behind Zoho’s success, it is unclear what role Pramila will play in the company’s future, if any.
As the divorce proceedings continue, it is likely that there will be more twists and turns in the story. The outcome of the case will not only determine the future of Sridhar and Pramila’s personal lives but also the future of Zoho and its stakeholders.
In conclusion, the offer of 50% of Zoho shares by Sridhar Vembu to his wife Pramila Srinivasan amid their divorce proceedings is a significant development in the case. The refusal of the offer by Pramila has raised questions about her intentions and what she hopes to achieve from the divorce. As the case continues, it is likely that there will be more surprises and twists, and the outcome will have far-reaching implications for all parties involved.
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