Day 13: FM Phase III bids cross Rs 1000 crore mark; no bids for 13 cities yet

NEW DELHI: The thirteenth day of the e-auction for the first batch of FM Phase III cities saw the cumulative provisional winning price cross the Rs 1000 crore mark, though the progress showed only mild signs of rise at the end of the 52nd round.


A total of 87 channels in 56 cities became provisional winning channels with cumulative provisional winning price of Rs 1005 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 87 channels by Rs 580.23 crore or 136.5 per cent.


Overall, cumulative provisional winning price exceeded the total reserve price of the first batch of 135 FM channels in 69 existing cities of Rs 550.18 crore by Rs 455.08 crore or 82.7 per cent, which is three per cent above yesterday. 


The Auction Activity Requirement continued to remain at 90 per cent, raised after the 37th round on 7 August. 


The 13 cities for which bids have still not come are Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.


The demand over the price in most cities fell by up to three per cent and four per cent below the excess demand at the price in 52nd round in Hyderabad.


The Percentage Price Increment (in INR) applicable for the Next Clock Round rose to just one per cent in Amritsar, Chandigarh, Chennai, Cochin, Delhi, Hisar, Mumbai and Pune.


The highest Provisional winning price was in Delhi at Rs 162.56 crore (for just one channel), followed by Mumbai at Rs 98.95 crore, both showing marginal increase as compared to yesterday.


Among cities recording more than Rs 10 crore, it rose sizeably in Chennai at Rs 47.89 crore and Pune at Rs 39.59 crore and marginally in Jaipur at Rs 27.24 crore; Chandigarh at Rs 18.30 crore and Cochin at Rs 12.84 crore.


Thus Mumbai is the only other city inching towards the Rs 100 crore figure.


Bengaluru at Rs 106.04 crore; Ahmedabad at Rs 42.68 crore, Hyderabad at Rs 18 crore, Patna at Rs 17.89 crore, Lucknow at Rs 14 crore and Nasik at Rs 10.30 crore remained static.

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