Mohali, May 15 -- Even in the fifth round of e-auction held on Wednesday, the UT excise and taxation department was able to sell only six out of a total of 17 liquor vends. The department earned a revenue of Rs.39.60 crore against the reserve price of Rs.24.32 crore in the auction.

The highest bid of Rs.10.95 crore was received for the liquor vend located in the Sector 22-C market against the reserve price of Rs.4.13 crore. The second highest bid of Rs.10.50 crore was received for the vend located in the Sector 22 market (opposite bus stand) against the reserve price of Rs.3.26 crore. The third highest bid of Rs.6.21 crore came for the vend located in the Sector 40-C market with a reserve price of Rs.6.03 crore.

In the fourth round of a...