No FM channel applicable for price hike in next round of bidding

Would today be the last day of FM auctions – at the moment it appears quite likely. However, there might another Varanasi or Bareilly in the waiting and come out of closet today. What appears to be quite sure, however, is that winning bids for metros and mini metros are final and there is no likelihood of things changing on that front.

As per the official communique, till now, 124 rounds of bidding are over.

At the close of the 31st day of bidding, 97 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1156.9 Crore against their aggregate reserve price of about Rs 459.8 Crore. Thereby the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 97 channels by Rs 697.05 Crore or 151.58%. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch i.e. Rs 550.18 Crore by Rs 606.72 Crore or 110.27%. 

Watch this space for complete information on wins and losses for this round of FM auctions.
 

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