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Adani Group has officially shelved its plans to launch a consumer-facing super app, following escalating financial pressures and internal restructuring. The move marks a strategic pivot as the conglomerate grapples with reputational and legal challenges.
Key developments:
- The super app project, aimed at integrating services across energy, logistics, and finance, has been paused indefinitely
- Mounting losses and investor concerns triggered the decision, with the group focusing on core infrastructure and energy verticals
- Several senior executives associated with the digital initiative have been dismissed, signaling a leadership overhaul
- The group is reassessing its digital strategy, opting for targeted tech investments rather than a unified consumer platform
Strategic context:
- The retreat follows recent US indictments and governance scrutiny, which have impacted funding access and market sentiment
- Adani Enterprises has trimmed its FY25 capex target and is prioritizing debt reduction and operational stability
- Analysts expect the group to adopt a more conservative financing model moving forward
Sources: Forbes India, Financial Express, CNBC, ThePrint, Times of India
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