Day 4 of FM Phase III auction garners cumulative provisional winning price of Rs 645 cr
With this, the summation of provisional winning prices surpasses Rs 550.18 crore, which is the total reserve price of 135 channels. Sixteen rounds of bidding have been completed so far
BestMediaInfo Bureau | Delhi | July 31, 2015
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E-auction of the first batch of private FM radio Phase III channels re-commenced yesterday for the fourth consecutive day at 9.30 am. During the day, four rounds of bidding took place.
At the close of the fourth day of bidding, 80 channels in 55 cities became provisionally winning channels with cumulative provisional winning price of around Rs 643 crore against their aggregate reserve price of about Rs 391 crore. Thus, the summation of provisional winning prices surpassed Rs 550.18 crore, which is the total reserve price of 135 channels.
Till now, 16 rounds of bidding are over. The first batch auction for 135 FM channels in 69 existing cities of Phase II began on July 27, 2015.
The Auction Activity Requirement of 80 per cent set at the beginning of the auction continued to remain the same on the fourth day. Bidding will re-commence today at 9.30 am.
Summary of first four days of bidding:
| Sl No |
Date of Bidding |
No of Rounds during the day |
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
|
4
|
79
|
55
|
377
|
479
|
|
3
|
29.07.2015
|
4
|
80
|
55
|
377
|
549
|
|
4
|
30.07.2015
|
4
|
80
|
55
|
391
|
643
|
List of cities and clock round price at end of Day 4 of the e-auction:
Click on the image to enlarge.
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