In 2017, stock buybacks reached record levels globally as cash-rich companies sought to return value to shareholders amidst a strong market rally. In India specifically, the number of share buyback offers (50 companies) exceeded the number of initial public offerings (IPOs) for the first time in history. Largest Buybacks by Expenditure (S&P 500)
: $32.1 billion for the full year 2017, the highest of any single issue. J.P. Morgan (JPM) : $15.4 billion for the full year 2017. Citigroup (C) : $14.9 billion for the full year 2017. list of companies buying back stock 2017
The IT sector led the surge in India, with "Big Three" firms collectively spending approximately ₹30,000 crore. In 2017, stock buybacks reached record levels globally