Fonebox Retail Limited — JV/Acquisition, 13-03-2026: Acquisition

Fonebox Retail is expanding its global footprint by acquiring a 5% stake in Dubai-based Digiwave Global Trading Fzco for AED 10,000. Digiwave is a significant mobile phone wholesaler (importer/exporter) with a turnover of approximately 335 Cr INR in 2025, operating across key international markets including UAE, USA, and China. This strategic move enhances Fonebox's global sourcing capabilities and positions it to tap into new trade environments and international growth opportunities in the mobile phone sector.