Godrej Properties, on Wednesday, said the company had bought back private equity firm Red Fort Capital’s 49 per cent stake in a subsidiary that is developing an IT Park in Kolkata, for an undisclosed amount. In 2008, Red Fort had picked up 49 per cent stake in the IT Park project, Godrej Genesis. “In terms of the agreement with Red Fort India Real Estate Babur (Red Fort) for Project Godrej Genesis in Kolkata, the company has given exit to Red Fort by purchasing its 49 per cent stake in the equity share capital of its subsidiary Godrej Developers Pvt. Ltd. (GDPL),” Godrej Properties said in a filing to the BSE. GDPL has become a wholly-owned subsidiary of the company from December 4, it said. — PTI