Two UK-based companies promoted by British-Odia entrepreneurs Biswanath Patnaik and Arun Kar have been listed in Afrinex, an international Stock Exchange based in Mauritius.
Mauritius Prime Minister Pravind Kumar Jugnauth and High Commissioner of India to Mauritius K Nandini Singla attended the bell-ringing ceremony to mark the listing of USD 500 Million 2034 Sustainable bond of UK-based companies Earthnest Ltd. on AFEXGreen & AFRINEX Securities List and USD 1.5 Billion 2034 Bond of Xpertnest Ltd. on AFRINEX Securities List.
The event witnessed the participation of delegates from Europe, Asia, America and Africa.
AFEXtree, a platform from AFRINEX Stock Exchange that connects capital seekers with capital providers from across the globe, was also launched on the occasion.
Speaking on the occasion, Biswanath Patnaik, Chairman, Xpertnest and Earthnest said, "This unique collaboration between financial experts and technocrats serves as a remarkable example of how pressing global issues can be effectively addressed. The decision to list their businesses in Mauritius holds strategic significance, as it not only connects them with Africa but also establishes a strong presence in India due to the synergy between BSE technologies and Afrinex. Their shared mission to combat plastic bag pollution showcases their commitment to leaving a healthier world for future generations."
"Xpertnest and Earthnest have successfully listed their bonds, valued at $1.5 billion and $500 million respectively, on the Afrinex Stock Exchange located in Mauritius. These companies were founded by Arun Kar and Chintan Panara, with guidance from Biswanath Patnaik. Their visionary leadership has led to the creation of advanced and innovative applications that address critical challenges in various sectors, such as crime prevention in collaboration with law enforcement agencies, pioneering 5G technology, and the development of Smart Cities. By integrating Data Science, Artificial Intelligence, and Machine Learning, they've harnessed the potential of cutting-edge technologies," said Arun Kar, Founder of Xpertnest and Earthnest.