Scooting to the bank: Ather’s IPO sparks high-voltage returns for founders, early backers

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Founders Tarun Mehta and Swapnil Jain are cashing out a total of 19.6 lakh shares between them – 9.8 lakh each.

With a weighted average acquisition cost of just Rs 21.09 per share, the duo is looking at over 15x returns..