Ishant was kidnapped while he was playing near his Vijay Nagar residence by a neighbour, Shamshad.
According to police, Shamshad had demanded a ransom of Rs 50,000 from the boy's mother, Sano.
"Shamshad took Ishant to a vacant factory in Sahibabad area and made a call to his mother demanding ransom. Following complaint, we traced the phone and rescued the boy from his custody," said a senior police officer.
Police arrested Shamshad and seized a country-made pistol from him.
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