ip link set <name> down
ip link set <name> up

or, the much more invasive

/etc/init.d/network restart

Edit:

NAME
       ip-link - network device configuration

SYNOPSIS
       ip link  { COMMAND | help }

       ip link add [ link DEVICE ] [ name ] NAME
               [ txqueuelen PACKETS ]
               [ address LLADDR ] [ broadcast LLADDR ]
               [ mtu MTU ] [ index IDX ]
               [ numtxqueues QUEUE_COUNT ] [ numrxqueues QUEUE_COUNT ]
               [ gso_max_size BYTES ] [ gso_max_segs SEGMENTS ]
               type TYPE [ ARGS ]

       ip link delete { DEVICE | group GROUP } type TYPE [ ARGS ]

       ip link set { DEVICE | group GROUP }
               [ { up | down } ]

brings the link (interface) down, which runs the hotplug scripts for “interface not available”, then up again, running the hotplug scripts for “interface becomes available”

/etc/init.d/network restart reads the network configuration from UCI, and reconfigures it as needed using netifd

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