Meru Investments decreased its stake in Royal Arc Ele. from 2.99% to 2.56%, selling 48,000 shares.
A manufacturer of welding consumables, Royal Arc Ele. produces welding electrodes, flux cored wire, and MIG/TIG wires for diverse industrial applications. Incorporated in 1996, the company specializes in providing high-quality welding products to construction, fabrication, heavy industries, and automotive sectors. Its distinctive focus lies in delivering reliable welding solutions engineered for consistent performance, durability, and precision in demanding operational environments across India.
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.
