Wrapped in mystery

The modus operandi of Oyo Founder Ritesh Agarwal raising his stake in the company and the objective behind it have left the audience perplexed

A WhatsApp message flashed on the mobile screen a few days ago. Another financial scam waiting to explode, it said. By then, social media had begun talking about an impending bubble burst. The chatter was prompted by Oyo Founder Ritesh Agarwal’s unusual step of pledging his shares to borrow more than $2 billion to buy back more shares from some of the investors in the firm.
 
Let’s be clear. There’s no evidence, at this point, of any scam or bubble burst arising from the buy-back in the firm that aggregates hotel rooms in almost every nook and corner of