FM Phase III auction: Provisional winning prices exceed total reserve price by 58%
At the close of the eighth day of bidding, 83 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of around Rs 869 crore
BestMediaInfo Bureau | Delhi | August 6, 2015
E-auction of the first batch of private FM radio Phase III channels re-commenced yesterday at 9.30 am. During the day, four rounds of bidding took place. Till now, 32 rounds of bidding are over.
At the close of the eighth day of bidding, 83 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of around Rs 869 crore against their aggregate reserve price of about Rs 395 crore. Thus, the summation of provisional winning prices exceeded the total reserve price of the first batch by about Rs 319.11 crore or 58 per cent. Rs 550.18 crore is the total reserve price of the first batch.
The auction for the first batch comprising 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 eighth day. Bidding will re-commence today at 9.30 am.
Summary of first eight 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 |
List of cities and clock round price at end of Day 8 of the e-auction: