Australia's Insignia Financial falls as co awaits binding bid from suitor

Insignia Financial

21/07/2025 03:54

** Shares of Insignia Financial IFL.AX fall as much as 7.1% to A$3.875, their biggest intraday pct loss since May 14

** The money manager says the board is still in discussions with investment manager CC Capital for binding bid to buyout IFL

** Co says there is no certainty that the discussions will lead to any transaction

** Earlier this month, Insignia said that CC Capital expected required approvals for the proposal to be completed by mid-July

** Stock up 10% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))