NEW DELHI: The twelfth day of the e-auction for the first batch of FM Phase III cities continued to slow down even though the cumulative provisional winning price rose marginally to touch Rs 987 crore against the aggregate reserve price of about Rs 425 crore at the end of 48 rounds.

A total of 86 channels in 56 cities – dropping by one channel compared to yesterday - became provisionally winning channels with cumulative provisional winning price. Thus, the summation of provisional winning prices surpassed the cumulative reserve price of the 86 channels by Rs 562.19 crore or 132.3 per cent.

Overall, cumulative provisional winning price exceeded the total reserve price of the first batch of 135 FM channels in 69 existing cities - Rs 550.18 crore - by Rs 436.89 crore or 79.4 per cent.  

The Auction Activity Requirement remained for the second day at 90 per cent, raised after the 37^th round on 7 August. 

The thirteen cities for which bids have still not come are Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.

The demand over the price in most cities fell by up to three per cent and four per cent below the excess demand at the price in 48^th round in Hyderabad.

The Percentage Price Increment (in INR) applicable for the Next Clock Round rose to five in Aurangabad and Kolhapur but was just one in Amritsar, Chandigarh, Chennai, Cochin, Delhi, Hisar, Jaipur, Mumbai, Nasik and Pune.

The highest Provisional winning price – the same as the Clock round price at the start of the twenty-eighth round – was in Delhi – Rs 1,56,22,46,857 (for just one channel), followed by Mumbai – Rs 97,00,28,641, both showing marginal increase compared to yesterday.

Among cities recording more than Rs 10 crore, it rose sizeably in Chennai - Rs 46,03,02,622 and Pune at Rs 38,05,37,619 and marginally in Jaipur – Rs 26,70,68,308; Chandigarh at Rs 17,94,33,594, Cochin - Rs 11,86,29,760 and Nashik - Rs 10,30,72,273..

The following Table summarises first twelve days of bidding:

The ongoing auction is a Simultaneous Multiple Round Ascending (SMRA) e-auction which is being conducted online from Auction Control Room No. 404 B Wing, Shastri Bhawan by C 1 e-auctioneers.