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Phase III auctions: Aurangabad and Kolhapur only cities with excess demand

12-August-2015
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Phase III auctions: Aurangabad and Kolhapur only cities with excess demand

At the end of Day 12 of the first stage of the Phase III auctions, 48 rounds have been completed and Aurangabad is now one of only two cities where there is excess demand as it sees three bids for its 2 frequencies with a winning price at end of day of Rs 5.8i7 crore.

Delhi had one bid with the provisional winning price at Rs 156 crore. Bangalore saw no new bids yesterday with the provisional winning price staying at Rs 106 crore.

Chennai had another active bid and its provisional winning price now stands at just above Rs 46 crore.

Mumbai also saw another suitor drop from the race with now two bids for its two frequencies with the provisional winning price at Rs 82.72 crore.

Bhubaneshwar has seen no new bids for its single frequency with its highest bid amount at around Rs 7.40 crore. Chandigarh is seeing some late interest with two active bids for its two frequencies and the highest bid amount at just under Rs 18 crore.

 In the north, Jaipur saw one active bid matching the Rs 26.70 crore asking price at the end of round Rs 48 crore. Patna still has 2 active bids of Rs 17.89 crore for its 3 frequencies as was the case on Day 11. Lucknow too has two active bids of just over Rs 14 crore for its 3 frequencies.

Kolhapur has 3 bids for its 2 frequencies with the highest bid price at Rs 8 crore (approximately). Another city in the state, Pune has also been seeing a lot of interest since the start of the auctions. On Day 12, Pune ended with 2 bids for its 2 frequencies with the closing price at Rs 38 crore.

Mumbai, too, has two active bids for its two frequencies with the provisional winning price now close to Rs 97 crore.

Ahmedabad had no new bids at the end of Day 12 and its provisional winning price still stands at Rs 42.68 crore.

Guwahati, which was caught in a three way tussle  in the first week of the auctions also saw no change in demand and its provisional winning price at Rs 1.67 crore.

Hyderabad remained static with three bids at Rs 18 crore, with no takers for its fourth frequency.


 

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