Vembu offers 50% of his Zoho shares to his wife amid divorce proceedings, she refuses
The highly publicized 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, with her lawyers claiming that Sridhar is trying to cheat her in the divorce.
This development has raised eyebrows, as it is not often that a spouse refuses such a lucrative offer, especially in a high-stakes divorce like this one. Vembu’s lawyer, Melcher, expressed his surprise at Pramila’s refusal, stating that “instead, she has claimed that Sridhar is trying to cheat her in the divorce.” Melcher added that “this makes no sense as Sridhar has already transferred his interest in the family home to her.” This statement suggests that Vembu has already made significant concessions in the divorce proceedings, and Pramila’s refusal of the offer has left many wondering what her motivations are.
To understand the context of this development, it’s essential to delve into the background of the divorce proceedings. Sridhar Vembu and Pramila Srinivasan were married for many years and have two children together. Vembu is the founder and CEO of Zoho, a highly successful software company that has made him a billionaire. The couple’s divorce proceedings have been highly publicized, with both sides making claims and counterclaims.
The offer of 50% of Vembu’s Zoho shares is a significant one, as it would give Pramila a substantial stake in the company. Zoho is a highly successful and profitable company, with a valuation of over $10 billion. If Pramila were to accept the offer, she would become one of the largest shareholders in the company, with a significant amount of control and influence.
However, Pramila’s refusal of the offer has raised questions about her motivations. Is she seeking a larger share of the company, or is there something else at play? According to her lawyers, Pramila believes that Vembu is trying to cheat her in the divorce, which suggests that she may be seeking a more favorable settlement.
The divorce proceedings between Vembu and Pramila are likely to be highly contested and complex, with both sides fighting for control and influence. The fact that Vembu has offered 50% of his Zoho shares to Pramila suggests that he is willing to make significant concessions to settle the divorce amicably. However, Pramila’s refusal of the offer has thrown a spanner in the works, and it remains to be seen how the divorce proceedings will unfold.
In recent developments, Vembu’s lawyer has claimed that a $17 billion bond order issued against Vembu is invalid. However, Pramila’s lawyer has countered that the bond order remains in force. This development has added another layer of complexity to the divorce proceedings, and it’s likely that the courts will have to intervene to resolve the dispute.
As the divorce proceedings between Vembu and Pramila continue to unfold, it’s likely that there will be many more twists and turns. The fact that Vembu has offered 50% of his Zoho shares to Pramila, only for her to refuse, has raised many questions about the motivations of both parties. One thing is certain, however: the divorce proceedings between these two billionaires will be highly watched and closely followed, with many people eager to see how the drama unfolds.
In conclusion, the offer of 50% of Vembu’s Zoho shares to Pramila, and her subsequent refusal, has added a new layer of complexity to the divorce proceedings. As the case continues to unfold, it’s likely that there will be many more developments and surprises. One thing is certain, however: the divorce proceedings between Sridhar Vembu and Pramila Srinivasan will be highly publicized and closely followed, with many people eager to see how the drama unfolds.
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