By A Correspondent
Red FM welcomed the outcome of the court case on permission to participate in the auction of First Batch of Private FM Radio Phase 3 channels starting today (July 27).

Welcoming the judgment of the Delhi High Court, COO Nisha Narayanan said: “We are one of country’s largest network of FM stations and hopefully post the final outcome of these auctions we shall retain our leadership status.â€
From the beginning we had kept a sizeable money to be spent on these auctions (through which government stands to earn with go-ahead on our participation). Our inclusion means a healthy competition and will benefit the entire FM radio industry and media and entertainment industry at large, she said in a communique.