| 18 May 2024
FM Phase III auctions postponed to 9 December, following demise of Jayalalitha

NEW DELHI: The e-auctions in the second batch of FM Phase III, which completed its 24th day 5 December 2016, will now resume on 9 December 2016.

The auction was not held on 6 December 2016, primarily due to the demise of Tamil Nadu Chief Minister J Jayalalitha as some bidders rushed back to Tamil Nadu.

The bidding has so far been somewhat slow, but Muzaffarpur has been the sole silver lining over the past week rising to more than Rs 33.7 million and thus also overtaking Mysuru which is still at Rs 32.1 million.

Hyderabad and Dehradun are still at top with Rs 23,43,48,266 and Rs 15,61,00,590 respectively and there are still no bids for 44 cities and movement of just one or two cities in the bottom rung.

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.

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 onwards the bidding has been low.

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.

Also Read: South Asia FM bags five channels in first round of the second batch of FM Batch III

FM Phase III: Slump in auction, with sole exception of Muzaffarpur leaping to over Rs 33 million