** Shares of Selfwealth SWF.AX rise as much as 22% to A$0.25, hitting their highest since May 9, 2022
** Investment and brokerage service provider receives non-binding indicative proposal from AxiCorp Financial Services
** Cash deal valued at A$53.1 mln ($34.45 mln)
** Offer price of A$0.23 per share is at ~22% premium to stock's last closing price of A$0.205
** Proposal comes a day after co received a takeover offer from Bell Financial BFG.AX
** More than 6 mln shares change hands, 15 times the 30-day avg
** Stock up 51.5% YTD, including current session's moves
($1 = 1.5413 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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