The movie is produced by Bhatt's Vishesh Films and directed by Mohit Suri.
The still from the film shows both the actors sharing an intense eyelock, with Emraan cupping Vidya's face and tears rolling down her eyes.
"First Look- Humari Adhuri Kahani... An illicit love so pure that it touches the heights of divinity. Releasing 12 June," tweeted Bhatt.
The 'Ek Villian' director shared the same picture and captioned it, "Stories end! But not love HamariAdhuriKahaani."
This is Emraan and Vidya's third film together, after the 2011 hit 'Dirty Picture' and later an unsuccessful 'Ghanchakkar' in 2013. 'Humari Adhuri Kahani' also stars Rajkummar Rao in a pivotal role.
The 35-year-old actor, who is also Bhatt's nephew, gave hits with his banner like 'Murder', 'Murder 2' and 'Jannat'. His last film with Bhatt was 'Raaz 3D' in 2012.