MUMBAI: Hyderabad continued to lead with its bid of Rs 23,43,48,266 in the second batch of auctions of FM Phase III on the tenth day, and bids came in for three more cities at the end of 40 rounds.

Dehradun remained at second place with bids of Rs 15,61,00,590 and the number of cities with no bids came down to 42.

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

Asansol, Bharuch, Dehradun, Durg-Bhillainagar, Godhra, Junagadh, Mehsana, Porbandar, Raigarh, Rajahmundry, Tirunelveli, Veraval and Warangal received bids that clocked slightly over Rs 10 million.

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

Read More: South Asia FM bags five channels in first round of the second batch of FM Batch III

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 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.

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 a non-government company and is registered with 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 involved in Motion picture, radio, television, and other entertainment activities

Read More: FM Phase III: Mild rise in pace with percentage increase in bids in some cities