Shyam Dhani Ind.
Meru Investments has dropped off the latest shareholder list for Shyam Dhani Ind., meaning its previous 2.06 percent stake was either fully liquidated or trimmed below the 1 percent reporting threshold.
A manufacturer and processor of spices and grocery products, Shyam Dhani Industries produces over 163 varieties of ground, blend, and whole spices under the Shyam brand. Incorporated in 2010, the company is engaged in manufacturing, processing, trading, and distribution of spices and grocery items across domestic markets. Its operations span the complete value chain from production to retail distribution.
Meru Investment Fund PCC is a foreign portfolio investor that is among the more active anchor investors in Indian SME IPOs. It has backed offerings across sectors such as electric equipment, infrastructure, steel, textiles, and chemicals.