The film is directed by Rajkumar Santoshi, who has given hits like 'Ghayal', 'Andaz Apna Apna', 'Ajab Prem Ki Ghazab Kahani', will feature Shahid and Ileana in the lead.
Ileana, who sported a traditional look in 'Barfi!' will be seen in a completely different avatar.
Shahid Kapoor, who is enthused about his action sequences in 'Phata Poster Nikla Hero', doesn't want the film to be tagged as 'southern action'.
'Phata Poster Nikla Hero' will release on August 23.
Shahid Kapoor will be romancing south actress Ileana D'Cruz in the film.
Shahid Kapoor essays the role of Vishwas Rao, an aspiring actor, in the film.
Talking about 'Phata Poster Nikla Hero', Taurani said the film is a full fledged masala entertainer with elements of romance and action. It is an original story and not a remake.
Ileana D'Cruz will do a few stunts in 'Phata Poster Nikhla Hero'.
[caption id="attachment_917437"] Going by what Shahid had said in an interview, Ileana was nervous while performing action scenes. [/caption]
[caption id="attachment_917438"] "She was very nervous when we were doing stunts because she says her skin is sensitive and it gets bruised easily. She was very paranoid about that," Shahid had said. [/caption]
Ileana made her debut in Bollywood with Ranbir Kapoor-Priyanka Chopra-starrer 'Barfi', directed by Anurag Basu.
The film titled 'Phata Poster Nikla Hero' is a Bollywood masala entertainer.
The film has been produced by Ramesh Taurani, Ronnie Screwvala and Siddharth Roy Kapur.
[caption id="attachment_917442"] Shahid's 'Teri Meri Kahaani' wasn't a success and a lot of hopes are pinned on PPNH. We wish the star well for his upcoming ventures. [/caption]
"There is no southern connection as such. I think we should stop saying this southern thing because today almost every second film has that kind of action and people seem to be really liking it. The entire country responds to that," Shahid had told IANS.
'Phata Poster Nikla Hero' might be the first film which Ileana D'cruz and Shahid Kapoor are doing together. If their crackling chemistry is anything to go by, they will bag several offers post the release of this film.