Vembu offers 50% of his Zoho shares to his wife amid divorce proceedings, she refuses
The divorce proceedings between billionaire Sridhar Vembu and his wife Pramila Srinivasan have taken a dramatic turn. According to Vembu’s lawyer, Christopher Melcher, the Zoho founder has offered to give 50% of his shares in the company to his wife as part of the divorce settlement. However, Pramila has refused this offer, claiming that Sridhar is trying to cheat her in the divorce.
This development has raised several questions about the divorce proceedings and the valuation of Zoho, a privately-held company that has been valued at over $10 billion. The fact that Vembu is willing to give up 50% of his shares in the company suggests that the divorce is likely to be one of the most expensive in recent history.
According to Melcher, Vembu’s offer to give 50% of his shares to Pramila is a generous one, considering that she has not been involved in the day-to-day operations of the company. “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 ongoing for several months, with both parties engaging in a bitter battle over the division of assets. The couple has been married for over two decades and has two children together. While the exact details of the divorce proceedings are not publicly known, it is clear that the stakes are high, with billions of dollars at play.
Vembu’s offer to give 50% of his shares to Pramila is significant, considering that he is the largest shareholder of Zoho. The company, which was founded in 1996, has grown rapidly over the years and has become one of the leading providers of cloud-based software solutions. Zoho’s products include a range of applications, including customer relationship management (CRM) software, marketing automation tools, and human resources management software.
The valuation of Zoho is likely to be a major point of contention in the divorce proceedings. While the company’s valuation is not publicly known, it is estimated to be over $10 billion. This means that 50% of Vembu’s shares could be worth over $5 billion, making it one of the largest divorce settlements in history.
Pramila’s refusal to accept Vembu’s offer has raised questions about her motivations. According to Melcher, Pramila’s claim that Vembu is trying to cheat her in the divorce is unfounded. “Sridhar has already transferred his interest in the family home to her,” Melcher said. “This suggests that he is willing to be generous in the divorce settlement, but Pramila is not willing to accept his offer.”
The divorce proceedings between Vembu and Pramila are likely to be closely watched by the business community, given the high stakes involved. The case has already attracted significant attention, with many wondering how the divorce will affect the ownership and control of Zoho.
As the divorce proceedings continue, it is likely that more details will emerge about the valuation of Zoho and the division of assets between Vembu and Pramila. One thing is clear, however: the divorce is likely to be one of the most expensive in recent history, with billions of dollars at play.
In conclusion, the divorce proceedings between Sridhar Vembu and Pramila Srinivasan have taken a dramatic turn, with Vembu offering to give 50% of his shares in Zoho to his wife. However, Pramila has refused this offer, claiming that Vembu is trying to cheat her in the divorce. The case is likely to be closely watched by the business community, given the high stakes involved. As the divorce proceedings continue, it will be interesting to see how the valuation of Zoho and the division of assets between Vembu and Pramila will be resolved.
About the Author
