NEW DELHI: The auction for the second batch of FM Phase III, which had been put off by a day to 26 October following demands by some stakeholders, but then went on to have just two days of auctions before the Diwali holiday, will commence tomorrow for the third day.

Information and Broadcasting Ministry sources told radioandmusic.com 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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