Vembu offers 50% of his Zoho shares to his wife amid divorce proceedings, she refuses
The recent news surrounding the divorce proceedings of billionaire Sridhar Vembu, the founder of Zoho, has taken a dramatic turn. According to his lawyer, Christopher Melcher, Vembu has offered to give 50% of his shares in Zoho to his wife, Pramila Srinivasan, as part of their divorce settlement. However, in a surprising move, Srinivasan has refused the offer, claiming that Vembu is trying to cheat her in the divorce.
This development has left many in the business and tech communities stunned, as Vembu’s offer seems to be a generous one. Zoho is a highly successful software company, and 50% of its shares would be a significant asset for anyone. However, Srinivasan’s refusal suggests that she may be seeking more than just a significant portion of Vembu’s wealth.
As Melcher pointed out, Vembu has already transferred his interest in the family home to Srinivasan, which would suggest that he is willing to be fair and reasonable in the divorce proceedings. “This makes no sense as…Sridhar has already transferred his interest in the family home to her,” Melcher said. It appears that Srinivasan’s claims of Vembu trying to cheat her may not be entirely justified, given the generous offers he has made.
The divorce proceedings between Vembu and Srinivasan have been making headlines in recent weeks, with both parties engaged in a heated battle over assets and interests. The couple’s marriage has been a long and successful one, with Vembu’s business ventures thriving under their partnership. However, it seems that their personal relationship has come to an end, and the divorce proceedings are now getting increasingly complicated.
Vembu’s offer to give 50% of his Zoho shares to Srinivasan is a significant one, and it raises questions about the valuation of the company. Zoho is a privately-held company, and its financial details are not publicly disclosed. However, given Vembu’s net worth, which is estimated to be in the billions, it is likely that the company is worth a substantial amount.
The fact that Srinivasan has refused Vembu’s offer suggests that she may be seeking a larger share of the company’s assets. It is also possible that she is seeking to gain control of the company, which could be a significant blow to Vembu’s business interests. As the founder and CEO of Zoho, Vembu has built the company from scratch, and it is likely that he will want to retain control over its operations and direction.
The divorce proceedings between Vembu and Srinivasan are likely to be a long and drawn-out process, with both parties engaging in a battle over assets and interests. The fact that Vembu has made a generous offer to Srinivasan, only to be refused, suggests that the negotiations are going to be tough and contentious.
As the case unfolds, it will be interesting to see how the court rules on the various claims and counter-claims made by both parties. The outcome of the divorce proceedings will not only affect Vembu and Srinivasan but also the future of Zoho, which is a significant player in the software industry.
In conclusion, the news that Vembu has offered 50% of his Zoho shares to his wife, only to be refused, is a significant development in the divorce proceedings between the two. The fact that Srinivasan has claimed that Vembu is trying to cheat her in the divorce, despite his generous offers, suggests that the negotiations are going to be tough and contentious. As the case unfolds, it will be interesting to see how the court rules on the various claims and counter-claims made by both parties.
About the Author
