FM e-auction: Finally Varanasi wakes up
Bidding for the first batch e-auctions for Phase three, seems to be in its last leg. Allahabad, Cochin, Guwahati, Mumbai and Shillong are the only four cities that are applicable for a 1% price jump today.
A big surprise, however, comes in form of Varanasi, where the players have suddenly acknowledged potential the city has to offer – what with the Prime Minister’s dream of making it a cultural destination at par with the Japanese city of Kyoto. With the provisional winning price at Rs. 2,29,45,318, it now has excess demand of one player and is applicable for a 5% price increase today.
As per the official communique, at the close of the 16th day of bidding, 92 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1090 Crore against their aggregate reserve price of about Rs 451 Crore. Thus the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 92 channels by Rs 638.71 Crore or 141.5%. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch i.e. Rs 550.18 Crore by Rs 539.76 Crore or 98.1%.
The following Table summarizes first sixteen 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 |
|
7 |
04.08.2015 |
28 |
83 |
56 |
395 |
827 |
|
8 |
05.08.2015 |
32 |
83 |
56 |
395 |
869 |
|
9 |
06.08.2015 |
36 |
85 |
56 |
407 |
900 |
|
10 |
07.08.2015 |
40 |
86 |
56 |
425 |
946 |
|
11 |
10.08.2015 |
44 |
87 |
56 |
425 |
969 |
|
12 |
11.08.2015 |
48 |
86 |
56 |
425 |
987 |
|
13 |
12.08.2015 |
52 |
87 |
56 |
425 |
1005 |
|
14 |
13.08.2015 |
56 |
88 |
56 |
426 |
1022 |
|
15 |
14.08.2015 |
60 |
91 |
56 |
449 |
1079 |
|
16 |
17.08.2015 |
64 |
92 |
56 |
451 |
1090 |
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