LuLu Retail Company has been selected for inclusion in the FTSE Global Equity Index Series (FTSE GEIS), following the latest assessment conducted by FTSE Russell.
The inclusion is anticipated to take effect from 23 June 2025, subject to any amendments made by FTSE until 6 June, as outlined in a recent press release.
LuLu will be incorporated into the FTSE Mid Cap, FTSE All-World, FTSE All-Cap, and FTSE Total-Cap indices – all of which serve as significant benchmarks for global institutional investors.
This development is set to enhance the company’s market position and expand its engagement with international investment communities.
The announcement follows LuLu’s successful initial public offering (IPO) in the fourth quarter of 2024, which generated substantial interest from domestic, regional, and global investors.
Saifee Rupawala, Chief Executive Officer of LuLu, remarked: “Being included in the FTSE Global Equity Index Series is a milestone that highlights the robustness of our retail strategy, operational scale, and the confidence investors have shown in our long-term vision.”
Rupawala further noted that this move will strengthen LuLu’s visibility globally and pave the way for deeper connections with long-term international capital providers.
He added: “As we pursue continued growth, our focus remains on achieving operational excellence, nurturing customer loyalty, and identifying fresh opportunities across the markets we serve.”
