Vashu Bhagnani has signed Ajay Devgn and director Sajid Khan for his new venture

It's official! Vashu Bhagnani has signed Ajay Devgn and director Sajid Khan for his new venture. The formalities were completed on Monday, after Ajay signed the letter of confirmation. The film, not titled yet, is expected to start next year, after Sajid completes filming HOUSE FULL 2.

Reportedly, it's a remake of a super-successful Hindi film, released more than two decades ago. "Not at all! I don't know how this rumor originated in the first place," Sajid Khan sets the record straight, "It's an entertainer all the way, with Ajay Devgn like never before. I've been working on the story idea for almost 8/9 months with Shimit Amin and another writer friend Sam."

Sajid plans to begin filming once he completes HOUSE FULL 2. "The shooting of this film [with Ajay] will be completed in 2012, but released in 2013," he states.Ajay Devgn has been signed in Rs.18cr.+profit sharing in the movie.