Fiat Auto raises stake in Indian unit


BOMBAY, June 27 (Reuters) - Italy's Fiat Auto SpA has raised its stake in Fiat India Pvt. Ltd. to 44.61 percent from 19.44 percent through an investment of more than 2 billion rupees ($46 million), the Indian unit said on Monday. It said the infusion of funds would add to free cash flow needed for future investment, repay debt and help fund a restructuring of its dealer network. After the investment, Fiat Auto SpA and Fiat India Automobiles Pvt. Ltd. will together hold a 99.83 percent ...

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