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 technology communities, with many trying to understand the reasoning behind Pramila’s decision. As reported by Vembu’s lawyer, the offer was made in an effort to settle the divorce proceedings 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.
The divorce proceedings between Vembu and Pramila have been making headlines in recent months, with both parties engaging in a bitter battle over assets and property. The offer of 50% of Zoho shares is a significant one, considering the company’s valuation and success in the technology industry. Zoho is a leading software company with a range of products and services, including customer relationship management, project management, and office productivity tools.
The company was founded by Vembu in 1996, and since then, it has grown to become one of the most successful technology companies in the world. With a valuation of over $10 billion, Zoho is considered one of the most valuable private companies in the world. The offer of 50% of the company’s shares would make Pramila one of the richest women in the world, with a net worth of over $5 billion.
Despite the significant offer, Pramila has refused, citing concerns over Vembu’s intentions. According to her lawyer, Vembu’s offer is not genuine, and he is trying to cheat her out of her rightful share of the assets. The refusal has sparked a heated debate, with many trying to understand the reasoning behind Pramila’s decision.
The divorce proceedings between Vembu and Pramila are complex and involve a range of assets, including property, investments, and business interests. The couple has been married for over 20 years and has two children together. The divorce is likely to be one of the most expensive and high-profile in recent history, with both parties engaging in a bitter battle over assets and property.
The offer of 50% of Zoho shares is a significant development in the divorce proceedings, and it remains to be seen how the situation will unfold. Vembu’s lawyer has stated that the offer is genuine and that Vembu is willing to settle the divorce amicably. However, Pramila’s refusal has raised questions over her intentions and the reasoning behind her decision.
As the divorce proceedings continue, it is likely that more details will emerge about the offer and refusal. The situation is complex, and it remains to be seen how the parties will resolve their differences. One thing is certain, however: the divorce between Vembu and Pramila will be one of the most high-profile and expensive in recent history.
In conclusion, the offer of 50% of Zoho shares by Vembu to his wife Pramila is a significant development in the divorce proceedings. The refusal by Pramila has raised questions over her intentions and the reasoning behind her decision. As the situation unfolds, it is likely that more details will emerge about the offer and refusal. The divorce between Vembu and Pramila is a complex and high-profile case, and it remains to be seen how the parties will resolve their differences.
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