New Delhi, April 1 -- Shares of InterGlobe Aviation, the parent of India's largest airline, IndiGo, rose sharply on Wednesday after the company announced the appointment of William Walsh as its new chief executive officer (CEO).

The stock climbed 10% to Rs.4332 per share on BSE, as investors cheered the airline's decision to bring in a globally experienced aviation executive at a time when the carrier is navigating both operational and cost pressures.

Walsh is currently serving as the Director General of the International Air Transport Association (IATA), where his term is set to end on July 31. He is expected to join IndiGo by August 3 this year.

The appointment comes as IndiGo looks to stabilise and strengthen leadership after a diff...