aakk9999 - 9:06 pm on Oct 10, 2013 (gmt 0)
Welcome to WebmasterWorld, sundarrawat!
I would say it depends how much text these three paragraphs have in relation to the other amount of text on the page. Whilst ideally you would not repeat the same text, if it is not much in relation to the rest of the page, it will most likely not be frowned upon.
On the other hand, there are ways to "remove" this repeated text from the page whilst still showing it to the user. One would be having the text repetition in a separate html document. You could then frame this document at the point where within the original page you want to repeat the text and block that html document in robots.txt from being accessed by bots.