| 17 Jun 2024
FM Phase III: Muzaffarpur continues to rise and crosses Warangal as 44 cities still get zero bids

NEW DELHI: With forty-four cities still failing to attract any bidders, Muzaffarpur continued to show a rise for the fourth day with the bid touching Rs 1,27,27,628 even as four rounds were completed on the nintinth day with the total touching 73 rounds.

The city touched Rs 1,04,71,053 in the last round and again showed a consistent rise with the price percentage increment at five, overtaking Warangal which has a bid of Rs 1,25,25,000.

The aggregate rise in bids in around forty cities remained unchanged at just one or two points, and the e-auction for FM Phase III appeared to be slowing down with Hyderabad and Dehradun continuing to lead with bids of Rs 23,43,48,266 and Rs 15,61,00,590 respectively.

The demand in Muzzafarpur went up Rs 78,13,663 on the sixteenth day to Rs 90,45,291 a day later.

The bids at Alappuzha (Alleppey), Erode, Hubli-Dharwad, Nellore, Salem, Vellore and Vijaywada remained at just over Rs 70 million while bids for Tiruchy was just above Rs 50 million and Tirupathi and Puducherry to a little over Rs 40 million. Amravati, Bhavnagar, Jamnagar and Ujjain bid a little over Rs 35 million and Mysuru a little over Rs 32 million.

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

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 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 Non-govt company and is registered at 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 inolved in Motion picture, radio, television and other entertainment activities

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