| 18 Jun 2024
Hyderabad, Dehradun continue to lead, no bids on fifth day of auctions

NEW DELHI: With Hyderabad continuing to lead with a bid of Rs 23,43,48,266 and Dehradun next with Rs 15,61,00,590 (same as 3 November), there was still no activity for 48 cities as four more rounds were conducted today for the FM Phase III taking the total to 20.

The bids for Alappuzha (Alleppey), Erode,  Hubli-Dharwad, Nellore, Salem, Vellore and Vijaywada remained at just over Rs 70 million while bids for Tiruchy rising to just above Rs 50 million and Tirupathi to a little over Rs 40 million, no other bid went over Rs 35 million at the end of the fifth day.

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.

The first day of auction on 26 October saw a winning price of Rs 1820 million 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.

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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