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Phase III auction: After Delhi, Bangalore crosses provisional winning price of Rs 100 cr
At the close of the tenth day of bidding, overall cumulative provisional winning price exceeded the total reserve price of Rs 550.18 crore by Rs 396.15 crore or 72 per cent
BestMediaInfo Bureau | Delhi | August 10, 2015
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E-auction of the first batch of private FM radio Phase III channels re-commenced on Friday, August 7, 2015 at 9.30 am. During the day, four rounds of bidding took place. Till now, 40 rounds of bidding are over.
At the close of the tenth day of bidding, 86 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of Rs 946 crore, against their aggregate reserve price of about Rs 425 crore. Thus, the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 86 channels by Rs 521.45 crore or 122.7 per cent. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch, that is, Rs 550.18 crore, by Rs 396.15 crore or 72 per cent.
After Delhi, Bangalore became the second city to fetch provisional winning price of over Rs 100 crore for its channel. At the end of the day, provisional winning price of one channel in Bangalore reached Rs 104.99 crore. In Delhi, the provisional winning price of one channel has reached Rs 144.27 crore.
The auction for the first batch comprising 135 FM channels in 69 existing cities of Phase II began on July 27, 2015.
The Auction Activity Requirement of 80 per cent set at the beginning of the auction was changed after Round No 37 and it was increased to 90 per cent. Bidding will re-commence today at 9.30 am.
Summary of first 10 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 |
List of cities and clock round price at end of Day 10 of the e-auction:
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