** Shares of Insignia Financial IFL.AX rise as much as 3.2% to A$4.250, their highest levels since Oct 28, 2021

** Co set for strongest trading session since Jan 6, if current trend holds

** IFL, a 178-year-old Australian wealth manager, received a sweetened bid from Bain Capital for acquiring all its shares at A$4.30 per share

** Bain's revised offer for IFL now matches CC Capital's offer from last week

** Under the revised offer, Bain Capital also open to providing IFL shareholders option to receive a part of the total purchase price as a scrip consideration

** Shares of IFL have gained 18.6% YTD, as of last close

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))