Berger Paints lndia Limited has entered into a Shareholders' Agreement with Rock Paint Co., Ltd. of Japan ("Rock Paint") for the purpose of forming a joint venture company for sale of superior automotive refinish paints in lndia and Nepal. The joint venture company is proposed to be named as "Berger Rock Paints Private Limited". Berger will hold 51% and Rock Paint will hold 49% in the share capital of the joint venture company.

The joint venture company will benefit from the market knowledge and infrastructural strength of Berger in lndia and the technical expertise and high end products from Rock Paint.