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According to a report, the loans that Paytm will give to Vijay Sharma's investment firms will be in the purchase of Raheja QBE - which is a general insurance company. The Paytm-Raheja QBE deal is yet to get the approval of IRDA (Insurance Regulatory and Development Authority). And the company is already working for the approval of IRDA.
The shareholders of Paytm will vote on this loan proposal on 30th June.
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