HT Media Limited and Reliance Network Broadcast Limited are among the companies to emerge as highest bidders in the e-auctions for the first batch of channels under the private FM radio phase III expansion.
According to the results put out by the Information and Broadcasting Ministry on its website on Wednesday, the lone channel on offer in Delhi was bagged by HT Media Limited with a successful bid amount of over Rs 169.16 crore as <g data-gr-id="12">non</g>- refundable one time entry fee (<g data-gr-id="13">NOTEF</g>). The frequency spot selected for this channel was 107.2 MHz.
HT Media also bagged one of the two channels on offer in Mumbai at over Rs 122.81 crore with the third one going to Digital Radio (Mumbai) Broadcasting Limited, which also bid the same amount.
Entertainment Network India Limited bagged the channel on offer in Bengaluru at a bid price of over Rs 109 crore. For the two radio channels in Pune, Reliance Broadcast Network Limited and Entertainment Network India Limited emerged winners, both bidding a sum of over Rs 42 crore.
Three channels in Hyderabad received bids of Rs 18 crore each. Two of these bids were made by Entertainment Network of India Limited while the third bid was made by HT Media Limited.