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Rakesh Bharti Mittal resigns from IFCI board

Mittal is the Vice-Chairman and Managing Director of Bharti Enterprises. He is the Chairman of several Bharti Group Ventures and is on the Board of Bharti Airtel, Bharti Ventures and Bharti Enterprises.

IFCI surges over 12% as government recasts company board

Shares of IFCI Ltd on Friday rose by over 12 percent after the government restructured the state-owned company's board by nominating two new directors.