The shares were sold by Flagship India Investment Company (Mauritius) Ltd at the same price in a separate transaction.
Meanwhile, JP Morgan Funds also bought shares of Cummins India Ltd and Gujarat Pipavav Port Ltd.
In an interview with CNBC-TV18, Kelly says he prefers European and emerging markets over US at this point.
David Kelly believes Europe will outperform once markets bounce back and could surprise on the upside.
In an interview to CNBC-TV18 David Kelly of JPMorgan Funds said that he is bullish on India over a long term, dispte the fact that emerging market (EMs) are vastly overreacting to the Fed taper.