ENIL wins 17 FM channels; HT Media bags Delhi for Rs 169 crore

NEW DELHI: Entertainment Network India Ltd (ENIL) appears to be the largest gainer in the first stage of the FM Radio Phase III e-auctions declared today with 17 channels in its kitty.


HT Media was the bidder for the sole channel in Delhi, which it picked up for a whopping sum of Rs 169.16 crore. HT Media also bagged one of the two channels in Mumbai. The other went to Digital Radio (Mumbai) Broadcasting Pvt Ltd, which an affiliate of Sun TV Network.


On the other hand, ENIL bagged the sole channel in Bengaluru along with two channels in Hyderabad, with one other channel in Hyderabad going to HT Media. ENIL also bagged the sole channel in Guwahati and one of the two in Jammu, the other going to Rajasthan Patrika.


Rajasthan Patrika successfully bid for 14 channels, while Reliance Broadcast Network has got 14 channels and DB Corp Ltd has got 14 channels. Meanwhile, Music Broadcast Pvt Ltd has got 11 channels and HT Media has 10 channels.


The others, who have successful bid are Digital Radio (Delhi) Broadcasting, Digital Radio (Mumbai) Broadcasting, Abhijeet Realtors and Infraventures Pvt Ltd, Renderlive Films and Entertainment Pvt Ltd, Sarthak Films Pvt Ltd, Abir Buildcon Pvt Ltd, Mathrubhumi Printing and Publishing Co Pvt Ltd and Odisha Television Ltd. 


Bhubaneswar - the city, which got the maximum number of bids, has been bagged by Sarthak Films Pvt Ltd.


The auction was stopped on the 33rd day after just one round, with 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.


The results of 91 channels in 54 cities were declared today (16 September) by the Information and Broadcasting Ministry. These results do not include the results of the bids by M/s Sun TV, South Asia FM and Kal Radio in compliance with the orders of the Madras High Court.


The I&B ministry said the Centre had decided to file a special leave to appeal in the Supreme Court against the order of 26 July of the Delhi High Court in the petitions by Digital Radio (Mumbai) Broadcasting Ltd. & Digital Radio (Delhi) Broadcasting Ltd. respectively.


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