RadioandMusic
| 26 Sep 2018
South Asia FM bags five channels in first round of the second batch of FM Batch III

NEW DELHI: 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.

The details of the details of the successful bids and number of winning channels and associated Frequency spots along with successful bid amount - Non-refundable One Time Entry Fee (NOTEF) are:

City Frequency Spot selected (MHz) Successful Bid amount (NOTEF)

 

Surat:

95

Rs 3,60,00,000

Amritsar

93.5

Rs 6,03,97,038

Patna  

93.5 

Rs 17,89,83,876

Jammu:

91.9

Rs 1,01,07,090

Chandigarh 93.5

93.5

Rs 19,04,72,374

 

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 is a public incorporated on 9 November 2005. It is classified as the Non-Govt company and is registered with Registrar of Companies, Chennai. Its authorised share capital is Rs. 6,550,000,100 and it is paid up capital is Rs. 6,153,605,100. It is involved in motion picture, radio, television and other entertainment activities

South Asia Fm Limited's Annual General Meeting (AGM) was last held on 24 September 2015 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2015.

Directors of South Asia FM Limited are Jagadeesan Ravindran, Kannappan Shanmugam, Arjun Rao Donakanti.