# Bank of India shares sink 2% on $1 billion fundraise plan

2026-08-10T09:02:15+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Shares of state-owned Bank of India fell over 2% on Tuesday after the lender said its board will consider raising up to $1 billion in foreign currency. The fundraise plan is set to be discussed later this week. NDTV Profit reports the drop came as the market reacted to the potential dilution from the proposed issuance.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/bank-of-india-share-price-tanks-over-2-as-board-to-discuss-1-billion-fundraise-plan-via-mtn-programme-11888922>

Tags: Bank of India, foreign currency, fundraising, public sector banks, stock market
Canonical: https://indianopinion.org/bank-of-india-shares-sink-2-on-1-billion-fundraise-plan/
License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources.
Cite: https://indianopinion.org/bank-of-india-shares-sink-2-on-1-billion-fundraise-plan/#story-in-brief

Review state: restored archive article, accurate at time of publication, not offered to search indexes.