E-Auction of FM Radio completes 104 rounds
On the 26th day of the e-auction of the third phase of FM Radio, 94 channels spread over 56 cities, provisionally won their respective biddings on Monday.
The auction fetched a cumulative price of around 1,151 crore rupees against the aggregate reserve price of about 459 crore rupees.
So far, 104 rounds of bidding are over. It has re-started on Tuesday at 9.30 a.m.
The first batch auction for 135 FM Channels in 69 existing cities of Phase II began on 27th of July this year.