E-Auction of the first batch of private FM Radio channels under Phase III re-commenced today. Four rounds of bidding took place today. So far 48 rounds of bidding have been completed. Four rounds took place yesterday. At the close of the twelfth day of bidding, 86 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of 987 crore rupees against their aggregate reserve price of about 425 crore rupees.