Reliance Broadcast Network Limited ("Reliance
Broadcast"), a media and entertainment company which
primarily owns and operates radio and television channels in India,
recently acquired 14 additional FM radio channels across India at
the E-Auction of the First Batch of Private FM Radio Phase III
Channels ("Phase III E-Auctions")
conducted by the Ministry of Information & Broadcasting,
Government of India.
Reliance Broadcast houses "92.7 BIG FM" and is one of
India's largest private FM radio stations with a network of 45
stations (in Phase II), reaching over 40,000,000 Indians each
The E-Auctions, which commenced on July 27, 2015 and concluded
on September 9, 2015, comprised of 135 channels in 69 cities for
auction, of which 91 channels in 54 cities were allotted to
provisional winners. Reliance Broadcast acquired 14 additional FM
radio channels with an aggregate successful bid amount of INR 1169
million. These FM radio channels acquired by Reliance Broadcast
spread over the cities of Lucknow, Nagpur, Pune, Patna, Varanasi,
Ahmednagar, Aurangabad, Gorakhpur, Kolhapur, Muzzaffarpur,
Agartala, Aizwal, Itanagar and Shillong.
Nishith Desai Associates, advised Reliance Broadcast on the
legal and regulatory issues in relation to the migration of their
existing private FM radio channels from Phase II to Phase III and
their participation in the Phase III E-Auctions.
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