Bonus issue to keep Adi Chem in focus

Adi Finechem, formerly HK Finechem, will be in action, thanks to a bonus issue. It has set the record date as July 10 to identify eligible shareholders. The stock turns ex-bonus on July 9. The company is in the business of speciality fine chemicals, such as oleochemicals and intermediate nutraceuticals. Its directors will meet on July 11 to allot one equity share for every 10 shares held. Adi has rewarded its shareholders with bonus shares in the last three years.