Vembu offers 50% of his Zoho shares to his wife amid divorce proceedings, she refuses
In a shocking turn of events, billionaire Sridhar Vembu, the founder of Zoho, has offered to give 50% of his shares in the company to his wife, Pramila Srinivasan, amid their ongoing divorce proceedings. However, in a surprising move, Pramila has refused the offer, claiming that Sridhar is trying to cheat her in the divorce. This revelation was made by Sridhar’s lawyer, Christopher Melcher, who expressed confusion over Pramila’s refusal, given that Sridhar has already transferred his interest in the family home to her.
The news of the divorce proceedings between Sridhar and Pramila has sent shockwaves through the business community, with many wondering what this could mean for the future of Zoho, a company that has been at the forefront of innovation and technology. Founded in 1996, Zoho has grown to become one of the most successful software companies in the world, with a valuation of over $10 billion. Sridhar, who is the CEO of the company, has been instrumental in its success, and his shares in the company are estimated to be worth billions of dollars.
According to Melcher, Sridhar’s offer to give 50% of his shares in Zoho to Pramila was made in an effort to settle the divorce proceedings amicably. “Sridhar has always been committed to doing what is right, and he believes that giving Pramila 50% of his shares in Zoho is the fair thing to do,” Melcher said. “However, instead of accepting this generous offer, Pramila has claimed that Sridhar is trying to cheat her in the divorce. This makes no sense, given that Sridhar has already transferred his interest in the family home to her.”
The family home, which is located in a upscale neighborhood, is estimated to be worth millions of dollars. By transferring his interest in the property to Pramila, Sridhar has essentially given her control over the asset, which could be a significant source of financial security for her. However, despite this, Pramila’s lawyers have claimed that the offer of 50% of Sridhar’s shares in Zoho is not enough, and that she is entitled to more.
The divorce proceedings between Sridhar and Pramila have been ongoing for several months, with both sides engaging in a bitter and public battle over assets and finances. The case has been making headlines in the media, with many wondering what the outcome will be and how it will affect the future of Zoho. While Sridhar’s offer to give 50% of his shares in the company to Pramila may seem generous, it is clear that the divorce proceedings are far from over, and that there are still many issues that need to be resolved.
One of the main issues that needs to be resolved is the valuation of Zoho. As a private company, Zoho’s financial information is not publicly available, making it difficult to determine the exact value of Sridhar’s shares. However, according to estimates, the company is worth over $10 billion, which would make Sridhar’s shares worth billions of dollars. Pramila’s lawyers have claimed that she is entitled to a significant portion of this amount, and that Sridhar’s offer of 50% of his shares is not enough.
The outcome of the divorce proceedings between Sridhar and Pramila is still unclear, and it is likely that the case will continue to make headlines in the media for months to come. While Sridhar’s offer to give 50% of his shares in Zoho to Pramila may seem generous, it is clear that the divorce proceedings are complex and multifaceted, and that there are still many issues that need to be resolved. As the case continues to unfold, one thing is certain – the future of Zoho and the fortunes of its founder and CEO, Sridhar Vembu, hang in the balance.
In conclusion, the news that Sridhar Vembu has offered to give 50% of his shares in Zoho to his wife, Pramila Srinivasan, amid their divorce proceedings, is a significant development in the case. While the offer may seem generous, it is clear that the divorce proceedings are far from over, and that there are still many issues that need to be resolved. As the case continues to unfold, it will be interesting to see how it affects the future of Zoho and the fortunes of its founder and CEO.
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