** Shares of Insignia Financial IFL.AX fall 13.5% to A$3.46, their lowest levels since April 15
** IFL stock is the top loser in benchmark index .AXJO
** The wealth management firm said on Wednesday that Bain Capital, one among the takeover bidders for the co, has now pulled out of making a binding bid
** Bain Capital had last made a A$3.34 billion ($2.16 billion) offer in March
** Co adds that it remains in discussion CC Capital, another bidder
** Stock posts its biggest intraday percentage drop since August 22
** IFL stock sees its busiest session yet since April 17, with 1.9 mln shares changing hands
** Stock down 2.3% YTD, including moves in current session
($1 = 1.5454 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((JasmeenAraIslam.Shaikh@thomsonreuters.com;))
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