| 24 Feb 2024
FM Phase III: Mild rise in pace with percentage increase in bids in some cities

NEW DELHI: Though Hyderabad continued to lead with its bid of Rs 23,43,48,266 in the FM Phase III on the ninth day, there was price percentage increase in three cities and bids came for one more city on completion of 36 rounds. .

While Muzaffarpur showed a price percentage increase of five and Akola and Jhansi of one each, Dehradun remained at second place with Rs 15,61,00,590 and the number of cities with no bids has come down to 45.

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. Mysuru with a little over Rs 32 million is likely to show a further rise in coming days.

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.

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.

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-government 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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