Nov 21 (Reuters) - Citigroup Inc said on Monday that it would increase its common stock repurchase program by up to $1.75 billion.
The amount is in addition to the $10.4 billion in planned capital actions announced earlier this year, Citigroup said in a statement.
Citigroup sad it had reduced the number of its outstanding common shares by 180 million, or 6 percent, in the past two years.
The company’s shares were up 0.7 percent in premarket trading. (Reporting by Richa Naidu in Bengaluru; Editing by Savio D‘Souza)