** Shares of real estate co Eumundi EBG.AX rise as much as 1.5% to A$1.705, their highest since March 3, 2008

** Co has received a revised takeover bid from SEQ Hospitality for A$80.6 mln ($51.32 mln)

** SEQ has raised its offer price to A$1.62 per share from A$1.55 per share

** Revised offer price represents a 38% premium to Eumundi's 30-day VWAP of A$1.17

** Stock had risen 43.6% this year, as of last close

($1 = 1.5706 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))