NEW DELHI: Even as the e-auction for the first batch of bidders for FM Phase III is to commence on 27 July, the Government held three rounds of mock auctions, instead of the originally announced two.
The mock auctions were earlier slated for 22 and 23 July, and yesterday, were extended by one more day.
Information and Broadcasting Ministry (I&B Ministry) sources told Radioandmusic.com that the mock exercise had been extended in the light of the Delhi High Court order of 22 July, with regard to Red FM for taking part in the mock auction, and the Madras High Court order of yesterday with regard to Kal Radio-run Suryan FM to take part in the e-auctions.
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C1 India Pvt. Ltd is serving as the e-auctioneer and auction adviser to the I&B Ministry, who arranged the training of pre-qualified bidders for the first batch of private FM radio Phase III, on 17 July 2015. The training was held in two batches on the same day, at National Media Centre, New Delhi.
A total of 28 applicants had applied for the e-auction of 135 Private FM Radio channels for the first batch of the Phase III expansion plan. 28 applicants had cumulatively submitted Rs 316.91 crore as earnest money deposit by 27 March 2015, which was the deadline for the application process.
