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of <h1>E-auction for FM Radio Phase III: 83 Channels in 56 Cities Surpass Reserve Price by 50%, Totaling Rs. 827 Crore.</h1> The e-auction for the first batch of Private FM Radio Phase III channels, which began on July 27, 2015, has completed 28 rounds of bidding by the end of the seventh day. As of August 4, 2015, 83 channels in 56 cities are provisionally winning with a cumulative price of approximately Rs. 827 crore, surpassing their aggregate reserve price of Rs. 395 crore by 50.35%. The total reserve price for the first batch is Rs. 550.18 crore. The auction activity requirement remained at 80%, and bidding will continue on August 5, 2015.
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