NRB Bearings Limited announced that upon fulfilment of the terms and conditions mentioned in the Memorandum of Understanding dated May 23, 2023, the Company has, pursuant to the Indenture of Conveyance ("Conveyance") dated December 5, 2023, entered into with Oberoi Realty Limited ("Purchaser") sold and transferred the land admeasuring approx. 25,700 square meters (as per the Title Deeds) situated at 2nd Pokharan Road, Majiwade, Thane - 400610 along with building and structures standing thereon for a consideration of INR 1,960,000,000.