NEW DELHI: M/s South Asia FM Ltd has been declared as the winning bidder for five Radio FM channels, just a day after the commencement of the auction for the second batch of Phase III.
The company will be allotted FM Channels in Surat, Amritsar, Patna, Chandigarh and Jammu.
The details of the details of the successful bids and number of winning channelss and associated Frequency spots along with successful bid amount – Non-refundable One Time Entry Fee (NOTEF) are:
City Frequency Spot selected (MHz) Successful Bid amount (NOTEF)
Surat 95 Rs 3,60,00,000
Amritsar 93.5 Rs 6,03,97,038
Patna 93.5 Rs 17,89,83,876
Chandigarh 93.5 Rs 19,04,72,374
Jammu 91.9 Rs 1,01,07,090
This data has been compiled on the basis of system generated “Final Round Result Report” and “Frequency Identification Report” accessible through auction administrator
role.
South Asia FM Limited, one of the fourteen shortlisted bidders, is a Public incorporated on 09 November 2005. It is classified as Non-govt company and is registered at Registrar of Companies, Chennai. Its authorized share capital is Rs. 6,550,000,100 and its paid up capital is Rs. 6,153,605,100.It is inolved in Motion picture, radio, television and other entertainment activities
South Asia Fm Limited’s Annual General Meeting (AGM) was last held on 24 September 2015 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2015.
Directors of South Asia FM Limited are Jagadeesan Ravindran, Kannappan Shanmugam, Arjun Rao Donakanti, .