** Shares of Euroz Hartleys Group EZL.AX rise 7.4% to A$0.94, their highest level since March 31

** Stock set for strongest trading session since late January, if gains hold

** Diversified financial services provider proposes a capital return of about A$23 million ($14.88 million) to shareholders

** Says proposed capital return will complete EZL board's two-year strategic review to simplify co's structure

** More than 170,000 shares change hands, 1.8 times the 30-day average volume

** Stock up 11.9% YTD, including current session's moves

($1 = 1.5456 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))