** Shares of Insignia Financial IFL.AX rise 3.5% to A$3.725
** Stock rises as much as 4.7%, marking its biggest intraday gain since April 10
** Wealth manager says it extended exclusivity period by four weeks for private equity bidders Bain Capital and CC Capital Partners to consider acquisition proposals
** Extension follows requests from Bain and CC Capital to finalise debt funding and complete due diligence
** Both suitors value IFL at A$3.34 billion ($2.12 billion)
** Stock up 4.8% YTD
($1 = 1.5773 Australian dollars)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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