92 channels have become the provisional winning channels in 56 cities with cumulative provisional winning price of about Rs 1090 crore against their aggregate reserve price of about Rs 451 crore at the end of 16th day of bidding in the e-auction of the First Batch of Private FM Radio Phase III Channels.

“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 percent.

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 per cent,” said an official statement.

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