| 28 Nov 2023
Stalemate continues in 48 cities even as some more cities show increasing bids in FM Phase III

NEW DELHI: Even as there were no bids today for 48 cities for the second day in a row, Hyderabad and Dehradun continued to lead with bids of Rs 23,43,48,266 and Rs 15,61,00,590 respectively, some other cities joined the band of cities which have bid more than Rs 35 millon in the four more rounds conducted on the sixth day today for the FM Phase III taking the total to 20.

The bids for Alappuzha (Alleppey), Erode, Hubli-Dharwad, Nellore, Salem, Vellore and Vijaywada remained at just over Rs 70 million while bids for Tiruchy rising to just above Rs 50 million and Tirupathi and Puducherry to a little over Rs 40 million. Amravati, Bhavnagar and Jamnagar bid a little over Rs 35 million at the end of the sixth day day. Mysuru with a little over Rs 32 million is another city likely to show a further rise in coming days.

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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