Reliance Industries Ltd subsidiary, Jio Financial Services, will be included in multiple FTSE indices from July 20, global index aggregator FTSE Russell said in a release on Thursday.

Jio Financial Services will be included in FTSE All-World Comprehensive Factor Index, FTSE Emerging Comprehensive Factor Index and FTSE All-World ex CW Balanced Factor Index.

Besides, Jio Financial Services will be added to Russell RAFI Global Index, Russell RAFI Global Large Company Index, Russell RAFI Emerging Index, Russell RAFI Emerging Large Company Index, Russell RAFI Global ex-US Index and Russell RAFI Global ex-US Large Company Index, FTSE Russell said in a separate release.

“The listing date of Jio Financial Services has not yet been announced. Therefore, it will remain in the index at a static estimated price until trading commences on the exchange,” FTSE said.

FTSE Russell will review the company following the policy if the trading day remains unknown for 20 business days.

Reliance Industries set July 20 as the date to determine which shareholder is qualified to receive shares from the demerging entity. Reliance Strategic Investments will allot one entirely paid-up share of the face value of Rs 10 each for every share of Reliance Industries. Reliance Strategic Investments Ltd will be renamed Jio Financial Services Ltd.

Hitesh Kumar Sethi will be the new entity’s Managing Director and Chief Executive Officer (Jio Financial Services Ltd). The appointment is for three years and is subject to the Reserve Bank of India’s approval, the company announced on July 8.