To be directed by Ali Abbas Zafar of "Mere Brother ki Dulhan" fame, the film is produced by Aditya Chopra and will be set in '70s Kolkata.
"Amidst the most turbulent times in the history of Kolkata, then Calcutta, from 1971 to 1988, Bikram and Bala rose from being small time wagon breakers and coal thieves to becoming the biggest and most powerful black marketing mafia men," a press release issued by Yash Raj Films said.
"A rare combination of vigour and wit, the duo were inseparable and the city of Calcutta swore by their friendship, as their notoriety became the stuff of legends. The People of this sprawling city started calling these two carefree rebels--'Gunday'," it added.
Both Ranveer and Arjun started their career in Bollywood with YRF movies-