** Education-business operator Edu Holdings Ltd EDU.AX rises as much as 42.5% to A$0.285, its highest level since June 15, 2016
** EDU's board says it will withdraw its proposal for delisting in light of shareholder feedback and the co's current trading price
** Says it will not proceed with its proposal to buy-back unmarketable parcels of shares
** Around 1.5 mln shares changed hands, compared with 30-day avg of around 997,283 shares
** YTD shares have risen 168.4%
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com;))
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