August 27, 2015 7:29 PM

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E-Auction of FM radio bidding completes 96 rounds

On the 24th day of e-auction of third phase of FM Radio, 94 channels spread over 56 cities, provisionally won the bidding. <br/><br/>The auction fetched cumulative price of around 1,143 crore rupees against the aggregate reserve price of about 459 crore rupees. So far, 96 rounds of bidding are over.<br/><br/>The first batch auction for 135 FM Channels in 69 existing cities of Phase II began on 27th of last month.

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