Fonebox Retail Limited — Important, 22-05-2026: Agreements

Fonebox Retail is acquiring 100% of NWOM Retailers for 25.74 Cr via a share swap, issuing 30 lakh new shares at Rs 85.80 each. This move is expected to triple NWOM's profits, reduce competition, and expand market reach. Two sellers will join the board, and authorized share capital increases.