OREANDA-NEWS. August 14, 2015. E-Auction of the First Batch of Private FM Radio Phase III Channels re-commenced today on 13th August 2015 at 09.30 A.M. and during the day, four rounds of bidding took place. Till now, 56 rounds of bidding are over.

At the close of the 14th day of bidding, 88 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1022 Crore against their aggregate reserve price of about Rs 426 Crore. Thus the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 88 channels by Rs 596.61 Crore or 140.1%. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch i.e. Rs 550.18 Crore by Rs 472.08 Crore or 85.8%.  

After Delhi and Bengaluru, Mumbai became third city to get provisional winning price of over Rs 100 Crore. The two channels in Mumbai were allocated to provisional winning bidders for Rs 100.94 Crore apiece. At the end of the day’s bidding, provisional winning price of Delhi’s one channel reached Rs 167.49 Crore whereas Bengaluru for its single channel had provisional wining price of Rs 106.04 Crore.

The Auction for the first batch comprising 135 FM Channels in 69 existing cities of Phase II began on 27th July 2015.

        The Auction Activity Requirement of 90% set after Round No 37 on 07th August, 2015 continued to remain the same today. Daily auction report for day 14 has been put on MIB website, www.mib.nic.in. Bidding will re-commence tomorrow on 14th August, 2015 at 09.30 AM.

       The following Table summarizes first fourteen days of bidding:

Sl No

Date of Bidding

Status at the end of Round No

No of Provisionally Won Channels

No of Cities

Cumulative Reserve Price of Provisionally Won Channels (In Crore Rs)

Cumulative Provisional Winning Price (In Crore Rs)

1

27.07.2015

4

78

54

357

395

2

28.07.2015

8

79

55

377

479

3

29.07.2015

12

80

55

377

549

4

30.07.2015

16

80

55

391

643

5

31.07.2015

20

80

55

391

714

6

03.08.2015

24

82

56

395

779

7

04.08.2015

28

83

56

395

827

8

05.08.2015

32

83

56

395

869

9

06.08.2015

36

85

56

407

900

10

07.08.2015

40

86

56

425

946

11

10.08.2015

44

87

56

425

969

12

11.08.2015

48

86

56

425

987

13

12.08.2015

52

87

56

425

1005

14

13.08.2015

56

88

56

426

1022