It dismissed reports suggesting a stake sale as 'baseless'.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
Ghosh, 43, will be reporting to 25-year-old Ritesh Agarwal, who founded OYO with a single hotel in 2013.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sensex, Nifty end lower on global concerns.
There are several examples of one name standing in for many brands.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
Index heavyweights continue to be top losers with ICICI bank.
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
Out of the 24 IPOs, 20 companies had anchor investors, which collectively subscribed to 31 per cent of the total public issue amount.
IndiGo, which has grown rapidly to become India's biggest airline by market share, has now ordered 530 A320 family planes from Airbus, the planemaker said in a statement.
Airline mum on offer plans, sources say it will be looking to raise around Rs 1,000-1,200 crore
The move will help to reduce Air India's distribution cost by 60 per cent
The market breadth, indicating the overall health of the market, was positive
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Talks gain ground of strategic stake sale to foreign investor.
Some of Modi's biggest reforms have met with fierce political opposition.
How unbranded hotels are hitching a ride on branded ones for growth. Overall, India's hospitality market has seen close to 7,133 hotel rooms being converted into organised, branded space over the last 36 months, said Jain.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
The lower quarterly profit was mainly due to rise in fuel costs, foreign exchange loss and lower yield
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
IndiGo's co-founder and interim CEO Rahul Bhatia said profitability was significantly impacted by costs pressure from the increases in fuel price and the depreciation of rupee as well as competitive fare environment.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
Vistara has a three-class configuration with business, premium economy and economy cabins.
'IndiGo 2018 is a harsh, ultra-lean, mean, zero asset, fighting machine with aspirations of taking on the global long-haul low-cost market.'
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
The breadth, indicating the overall health of the market, turned negative from positive
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
The founders of IndiGo may have thought it's time to go for a rejig of the top leadership team which can take care of the growing demands of an airline that has grown much bigger than they could have ever imagined, says Shyamal Majumdar.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
Investment bankers said retail investors were pulling back, while institutions were being pickier
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Oil & gas, banking and pharma sector stocks stole the show
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
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