With reference to the earlier letter dated September 16, 2015 regarding the acquisition of FM License under Radio auctions for Phase III conducted by Ministry of Information and Broadcasting, Music Broadcast has now informed that the Company has Revised / resubmit the announcement made on September 16, 2015 as there is some minor modification in the earlier statement made by the Company. The revised announcement should be read as follows: They have won 11 Radio frequencies in FM Radio Phase III auction & mostly in the markets that they were keen on. This will increase its footprint across important cities in each state as they become a 39 station network. Together Radio City & Radio Mantra will be dominant players in important state clusters and continue its successful phase 2 strategy of concentrating on advertiser relevant markets.
The above information is a part of company’s filings submitted to BSE.
