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Radio companies climbed higher on Friday on hopes of successful auctions.
HT Media is up 4 per cent while Entertainment Network India gained 3 per cent. There are 21 pre-qualified bidders for upcoming Phase III radio auctions which might begin towards the end of July
Money deposited for bids indicates that ENIL can bid in all 69 towns and HT Media in top 22 towns, according to IDFC.
Also, some entities of rival Sun TV Network have been barred from participating in auctions, said media reports.
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