Radio Mirchi bags six more frequencies
DELHI: The government is likely to earn Rs 1,134 crore as license fee by selling 338 FM radio stations in 91 cities across the country. The bidding process for the second phase of private FM radio frequencies concluded on Friday with the government generating Rs 177.56 crore by auctioning licenses for 64 FM radio stations in 19 cities of the Southern region.
The government has managed to sell 279 radio stations of the 338 put on the block, and expects to get a revenue of around Rs 1,134 crore which includes about Rs 227 crore migration fee, according to a government source. The existing FM radio operators have an option to shift to the one-time entry fee (OTEF) regime by paying a migration fee.
Radio Mirchi enters capital market on Jan 23
NEW DELHI: Entertainment Network (India) Ltd, which operates the private FM radio broadcast service 'Radio Mirchi' is entering the capital market on January 23 to raise up to Rs 214 crore (including a greenshoe option).
The maiden public offer using the book-building route would open on January 23 and close on January 27. The price band for the offer of 1.2 crore shares with a green-shoe option of an additional 12 lakh shares, has been fixed at Rs 144-Rs162. The shares of Rs 10 each for cash will be offered at a premium to be decided by the book building process.
Radio Mirchi bags Patna in FM Radio Phase II
Entertainment Network India (ENIL) — which operates FM channel under the 'Radio Mirchi' brand — emerged as the sole winner for Patna. It submitted a bid for only one city in the eastern zone. Five bidders were in the race for four frequencies in the capital city of Bihar. The other four bidders were disqualified.
1 comment:
That is really nice to hear. thank you for the update and good luck. Two way radios
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