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 Corporation, 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 an effort to settle the divorce amicably. However, in a surprising move, Pramila has refused the offer, with her lawyers claiming that Sridhar is trying to cheat her in the divorce.
According to Melcher, Vembu’s offer to give 50% of his Zoho shares to Pramila is a significant one, considering the company’s valuation and Vembu’s stake in it. Zoho is a leading software company with a valuation of over $10 billion, and Vembu’s shares are estimated to be worth billions of dollars. By offering to give 50% of his shares to Pramila, Vembu is essentially offering her a significant portion of his wealth.
However, Pramila’s lawyers have rejected the offer, claiming that Sridhar is trying to cheat her in the divorce. They argue that the offer is not a genuine attempt to settle the divorce, but rather a tactic to reduce the amount of money that Pramila is entitled to receive. This claim has been denied by Melcher, who stated that Vembu has already transferred his interest in the family home to Pramila, demonstrating his commitment to a fair settlement.
The divorce proceedings between Vembu and Pramila have been ongoing for several months, with both parties engaging in a bitter battle over assets and property. The couple has been married for over two decades and has two children together. The divorce has been a subject of interest in the media, with many speculating about the reasons behind the split and the potential implications for Zoho Corporation.
Vembu’s offer to give 50% of his Zoho shares to Pramila has raised eyebrows, with many questioning the motivations behind the move. Some have speculated that Vembu may be trying to avoid a lengthy and costly divorce battle, while others believe that he may be trying to protect his interests in Zoho Corporation.
The refusal by Pramila to accept the offer has added a new twist to the divorce proceedings, with many wondering what will happen next. Will Vembu increase his offer, or will Pramila continue to push for a larger share of the assets? The outcome of the divorce proceedings is likely to have significant implications for Zoho Corporation, as well as for the couple’s personal lives.
In recent weeks, the divorce proceedings have taken a dramatic turn, with Vembu’s lawyers claiming that a $17 billion bond order issued against him is invalid. However, Pramila’s lawyers have disputed this claim, stating that the bond order remains in force. The dispute over the bond order has added a new layer of complexity to the divorce proceedings, with both parties engaging in a heated battle over the issue.
As the divorce proceedings continue to unfold, it remains to be seen what the outcome will be. Will Vembu and Pramila reach a settlement, or will the divorce battle continue to play out in the courts? One thing is certain, however: the outcome of the divorce proceedings will have significant implications for all parties involved.
In conclusion, the offer by Vembu to give 50% of his Zoho shares to Pramila amid their divorce proceedings is a significant development in the case. The refusal by Pramila to accept the offer has added a new twist to the proceedings, with many wondering what will happen next. As the divorce battle continues to unfold, it remains to be seen what the outcome will be and what implications it will have for Zoho Corporation and the couple’s personal lives.
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