Vembu offers 50% of his Zoho shares to his wife amid divorce proceedings, she refuses
The highly publicized 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 their divorce settlement. However, in a surprising move, Pramila has refused the offer, claiming that Sridhar is trying to cheat her in the divorce.
The news of the offer and subsequent refusal has shed light on the complex and often contentious nature of high-stakes divorce proceedings. The couple’s divorce has been making headlines due to the significant financial implications involved, with Vembu’s net worth estimated to be in the billions.
Vembu’s lawyer, Christopher Melcher, stated that the offer to give 50% of his Zoho shares to Pramila was a genuine attempt 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 transfer of the family home to Pramila suggests that Vembu is willing to make significant concessions in order to reach a settlement. However, Pramila’s refusal to accept the offer of 50% of Vembu’s Zoho shares indicates that the couple is still far from reaching a mutually acceptable agreement.
The divorce proceedings have also been marked by a series of allegations and counter-allegations. Pramila’s lawyer has accused Vembu of attempting to intimidate and coerce her into accepting a settlement that is unfavorable to her. On the other hand, Vembu’s lawyer has denied these allegations, claiming that Pramila is trying to extract a larger share of Vembu’s assets than she is entitled to.
The involvement of Zoho, a highly successful and profitable company, has added an extra layer of complexity to the divorce proceedings. As one of the largest and most successful software companies in India, Zoho’s valuation is estimated to be in the tens of billions of dollars. Vembu’s offer to give 50% of his shares in the company to Pramila would likely be worth a significant amount, potentially running into billions of dollars.
The refusal by Pramila to accept the offer has raised questions about her motivations and goals in the divorce proceedings. Is she seeking a larger share of Vembu’s assets, or is she trying to gain control of Zoho? The answer to these questions remains unclear, and it is likely that the divorce proceedings will continue to be marked by controversy and uncertainty.
As the divorce proceedings continue to unfold, it is likely that the couple’s lawyers will engage in intense negotiations in an attempt to reach a settlement. However, the refusal by Pramila to accept Vembu’s offer of 50% of his Zoho shares suggests that a settlement may be difficult to achieve.
In the meantime, the couple’s divorce proceedings will continue to be closely watched by the media and the public. The involvement of a highly successful and profitable company like Zoho has added an extra layer of interest to the proceedings, and it is likely that the outcome will have significant implications for the company and its stakeholders.
As the situation continues to unfold, one thing is clear: the divorce proceedings between Sridhar Vembu and Pramila Srinivasan will be a highly complex and contentious process. The offer by Vembu to give 50% of his Zoho shares to Pramila, and her subsequent refusal, is just the latest twist in a saga that is likely to continue for some time.
About the Author
