RIL helps cash-strapped Big Bazaar restock shelves

New Delhi: Future Group’s flagship retail chain Big Bazaar, which was facing an acute inventory crunch as a result of non-payment or late payment of dues to suppliers, has received a fresh lease of life, due to Reliance Industries NSE -1.48 %’s (RIL’s) JioMart. JioMart, a part of RIL’s retail arm Reliance Retail, has stepped in to help the brick-and-mortar retail chain with fresh stock. A purchase order has been signed last week and goods from Reliance Retail are set to replenish shelves at Big Bazaar stores across India, sources said.