** Shares of Selfwealth rise as much as 77.1% to A$0.213, their biggest daily rise ever

** Brokerage receives a non-binding indicative proposal from Bell Financial Group in a cash deal valued at ~A$51 mln ($33.29 mln)

** Offer of A$0.22 per share is at a premium of ~83% as of last close

** BFG says the deal is expected to be materially EPS accretive and increase sponsored holdings to A$94 bln ($61.35 bln)

** Stock hits its highest level since late November 2022

** Over 5.7 mln shares change hands, 17.5x the 30-day avg

** Stock down 26.8% YTD, including current session, as of 0019 GMT

($1 = 1.5321 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com))