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IFCI CEO, deputy managing director step down

Malay Mukherjee stepped down as CEO and managing director of IFCI Ltd.

Achal Kumar Gupta also stepped down as the company's deputy managing director. Mukherjee and Gupta resigned after the completion of their tenures Dec. 11, according to a Dec. 12 release.

Sanjeev Kaushik was named as the company's new deputy managing director, effective Dec. 12.