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 an interesting 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 their 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 company that has been valued at over $10 billion. Vembu’s offer to give 50% of his shares to his wife is a significant one, and it is surprising that she has refused it. According to Melcher, Vembu has already transferred his interest in the family home to Pramila, which makes her claim that he is trying to cheat her even more puzzling.
The divorce proceedings between Vembu and Pramila have been ongoing for some time now, and it seems that the couple is unable to come to an agreement on the division of their assets. Vembu’s offer to give 50% of his shares in Zoho to his wife is a significant concession, and it is unclear why Pramila has refused it. One possible reason could be that she is seeking a larger share of the company or other assets.
The valuation of Zoho is also an interesting aspect of this case. The company has been valued at over $10 billion, and Vembu’s shares are likely to be worth several billion dollars. If Pramila were to accept Vembu’s offer, she would become one of the largest shareholders in the company, with a significant amount of control over its operations.
However, it seems that Pramila is not interested in accepting Vembu’s offer. According to her lawyer, she believes that Vembu is trying to cheat her in the divorce, and she is seeking a larger share of the company’s assets. This has led to a stalemate in the divorce proceedings, with neither side able to come to an agreement.
The case has also raised questions about the role of the court in divorce proceedings. In this case, the court has issued a $17 billion bond order against Vembu, which his lawyer claims is invalid. However, Pramila’s lawyer argues that the order remains in force, and Vembu is required to comply with it.
The outcome of this case is likely to have significant implications for the divorce proceedings and the valuation of Zoho. If Pramila were to accept Vembu’s offer, it could lead to a significant shift in the ownership structure of the company. On the other hand, if she continues to refuse the offer, it could lead to a prolonged and contentious divorce battle.
In either case, the case highlights the complexities of divorce proceedings, particularly when they involve large amounts of wealth and assets. It also raises questions about the role of the court in these proceedings and the need for a fair and equitable division of assets.
As the case continues to unfold, it will be interesting to see how the court ultimately rules on the division of assets and the valuation of Zoho. One thing is certain, however: the outcome of this case will have significant implications for the parties involved and the company as a whole.
In conclusion, the divorce proceedings between Sridhar Vembu and Pramila Srinivasan have taken an interesting 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 raises several questions about the valuation of Zoho and the role of the court in divorce proceedings. As the case continues to unfold, it will be interesting to see how the court ultimately rules on the division of assets and the valuation of the company.
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