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Reliance Broadcast Bags 14 New FM Radio Channels at the Phase III E-Auctions

Reliance Broadcast Bags 14 New FM Radio Channels at the Phase III E-Auctions

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 EAuctions”) conducted by the Ministry of Information & Broadcasting, Government of India.

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. 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.

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