August 12, 2015 7:52 PM

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3rd phase e-auction of FM Radio fetch around Rs 1,005 cr on day 13

On the 13th day of e-auction of third phase of FM Radio, 87 channels spread over 56 cities, provisionally won the bidding. The auction fetched cumulative price of around 1,005 crore rupees against the aggregate reserve price of about 425 crore. <br/><br/>Yesterday also, 86 Channels spread over 56 cities, had won the bidding. So far, 52 rounds of bidding are over. It will re-start tomorrow at 9.30 in the morning. The first batch auction for 135 FM Channels in 69 existing cities of Phase II began on 27th of this month.

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