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E-Auction of First Batch of Private FM Radio Phase III Channels Continues 28 Rounds of Bidding Completed at the End of Day 7 |
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| 4-8-2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Press Information Bureau Government of India Ministry of Information & Broadcasting 04-August-2015 18:05 IST E-Auction of the First Batch of Private FM Radio Phase III Channels re-commenced today on 04th August 2015 at 09.30 A.M. and during the day, four rounds of bidding took place. Till now, 28 rounds of bidding are over. At the close of the seventh day of bidding, 83 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of around ₹ 827 Crore against their aggregate reserve price of about ₹ 395 Crore. Thus the summation of provisional winning prices exceeded the total reserve price of the first batch by about ₹ 277.05 Crore or 50.35 %. Rs 550.18 Crore is the total reserve price of the first batch. The Auction for the first batch comprising 135 FM Channels in 69 existing cities of Phase II began on 27th July 2015. The Auction Activity Requirement of 80% set at the beginning of the auction continued to remain the same on the seventh day. Daily auction report for day 7 has been put on MIB website, www.mib.nic.in. Bidding will re-commence on 5th August, 2015 at 09.30 AM. The following Table summarizes first seven days of bidding:
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