UK's Spire erases gains as Narayana Hrudayalaya says it has no intention to make offer

** Spire Healthcare SPI shares erase most of morning gains, stock up 2.5% at 1229 GMT

** The FTSE 250 MCX component had jumped as much as 10.5% to 242.6p in the morning after the Economic Times reported that India's Narayana Hrudayalaya NH was in advanced talks to acquire a controlling stake in Spire, citing people aware of the matter

** Narayana Hrudayalaya says it has no intention to make offer for Spire

** The report said that Indian firm was aiming to secure a 51%-75% stake, potentially taking the British company private

** Spire Health did not immediately respond to a request for comment