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Paytm considering JV option for insurance business clearance


Paytm considering JV option for insurance business clearance
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Reuters
Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration
IPO-bound Paytm may bring in an external partner for its general insurance venture, even as the digital payments company is in the process of acquiring Raheja QBE General Insurance Company, people aware of the matter said.
This may make it easier to obtain regulatory clearance, they indicated.
While Paytm
announced the Raheja acquisition last year, the deal is yet to close.
Indian law on foreign ownership in the insurance sector limits foreign direct investment at 74%. ....

Vijay Shekhar Sharma , Ant Group , Insurance Company , Paytm Payments Bank , Paytm Insurance , Payments Bank , Elevation Capital , விஜய் சேகர் ஷர்மா , எறும்பு குழு , காப்பீடு நிறுவனம் , பாய்த்ம் கொடுப்பனவுகள் வங்கி , சாப்ட் பேங்க் , பாய்த்ம் காப்பீடு , கொடுப்பனவுகள் வங்கி , உயரம் மூலதனம் ,