E-Auction of First Batch of Private FM Radio Phase III Channels Continues

24 Rounds of Bidding Completed at the End of Day 6

E-Auction of the First Batch of Private FM Radio Phase III Channels re-commenced today on 03^rd August 2015 at 09.30 A.M. and during the day, four rounds of bidding took place. Till now, 24 rounds of bidding are over.

At the close of the sixth day of bidding, 82 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of around Rs 779 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 228.68 Crore or 41.56 %.  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 27^th July 2015.

        The Auction Activity Requirement of 80% set at the beginning of the auction continued to remain the same on the sixth day. Daily auction report for day 6 has been put on MIB website,www.mib.nic.in. Bidding will re-commence on 4^th August, 2015 at 09.30 AM.

The following Table summarizes first six 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

Courtesy:pib.nic.in