| 02 Dec 2023
Hyderabad and Dehradun top bids on third day in Second batch of FM Phase III

NEW DELHI: After a week-long break on account of Diwali and other occasions, four rounds were conducted today for the second batch of FM Phase III taking the total to 12, with the highest bid coming for Hyderbad at Rs 23,43,48,266 followed by a bid for Dehradun for Rs 15,61,00,590.

Alappuzha (Alleppey), Erode and Hubli-Dharwad, Nellore, Salem, Vellore and Vijaywada got bids of just over Rs 70 million while no other bid went over Rs 35 million on the third day of the auction, after the first two rounds on 26 and 27 October 2016.  

Information and Broadcasting Ministry sources told that the aim was to continue till all the channels slated in the second batch were auctioned, but breaks will have to be taken for weekends and national holidays.

The first day of auction on 26 October saw a winning price of Rs 1820 milion against the aggregate price of Rs 1792 million, while the second day saw low bids and no bids from three cities.

Meanwhile, M/s South Asia FM Ltd has been declared as the winning bidder for five Radio FM channels, just a day after the commencement of the auction for the second batch of Phase III.

The company will be allotted FM Channels in Surat, Amritsar, Patna, Chandigarh and Jammu.

This data has been compiled on the basis of system generated “Final Round Result Report” and “Frequency Identification Report” accessible through auction administrator role.
South Asia FM Limited, one of the fourteen shortlisted bidders, is a Public incorporated on 9 November 2005. It is classified as Non-govt company and is registered at Registrar of Companies, Chennai. Its authorized share capital is Rs. 6,550,000,100 and its paid up capital is Rs. 6,153,605,100.It is inolved in Motion picture, radio, television and other entertainment activities

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