Reliance Commercial Finance Limited and Authum Investment & Infrastructure Limited


Reliance Commercial Finance Limited and Reliance Capital Limited


Valuation of Market Linked Debentures


Reliance Commercial Finance Limited (RCFL) issues Rated, Listed, Secured, Redeemable, Principal Protected Non-Convertible Market Linked Debentures (MLDs) that combine features of debt and equities/commodities/customized indices, etc. These MLDs offer investors an opportunity to invest in tailor-made products which may be suited to their market expectation and investment horizon, and can potentially earn better returns than fixed deposits.

Please review the relevant offer document / memorandum of private placement / pricing supplement relating to the specific MLDs for details on the MLDs including their risk factors.

ICRA Limited (ICRA) and CARE Ratings Limited (CARE) have been appointed as the valuation agency for valuation of these debentures.

As per the Guidelines for Issue and Listing of Structured Products / Market Linked Debentures dated September 28, 2011 issued by the SEBI, depending on the valuation agency mentioned in the offer document / memorandum of private placement / pricing supplement; latest and historical valuations provided by the valuation agent will be available as below:

If ICRA is Valuation Agency:

If CARE is Valuation Agency:

The valuation provided by the valuation agency may vary from the value determined by RCFL. RCFL shall not be obliged to consider or rely upon the valuation provided by the valuation agency.


Board of Directors and Key Managerial Personnel

Mr. Sanjay Dangi - Non-Executive Director
Mr. Amit Dangi - Non-Executive Director
Mr. Rahul Bagaria - Independent Director
Ms. Bhaviika Jain - Independent Director
Mr. Mahavir Hingar - Independent Director
Mr. Rohit Bhanja - Chief Executive Officer
Mr. Amit Kumar Jha - Chief Financial Officer
Ms. Avni Shah - Company Secretary

Registered Address:

Reliance Commercial Finance Limited
CIN: U66010MH2000PLC128301
Registered Address: The Ruby, 11th Floor, North-West Wing, Plot No. 29, Senapati Bapat Marg, Dadar (West), Mumbai 400 028
Email ID:
T +91 22 6259 2700 / F +91 22 6259 2702