Australia's Insignia Financial jumps as suitor mulls binding bid

Insignia Financial

01/07/2025 01:32

** Insignia Financial IFL.AX jumps as much as 10.7% to A$4.020, highest since May 13

** Stock marks biggest intraday pct gain since March 7

** Money manager says investment manager CC Capital "continues to actively work towards making a binding bid" for co

** IFL top gainer on ASX 200 benchmark index .AXJO

** YTD, stock gains 2.3%

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))