Siddharth said he is happy to be collaborating with Prasanna.
"Like the rest of the country, I absolutely loved 'Shubh Mangal Saavdhan'. RS is an extremely talented filmmaker with a fresh voice and has an ability to make unique content reach out to a mainstream audience.
"We hope to give the audiences a truly special film through our collaboration," he said in a statement.
Siddharth, who has produced several critically-acclaimed and commercially-successful films such as "Dangal", "ABCD2", "Haider", "Barfi" and "Kai Po Che", founded his own production company Roy Kapur Films after a long stint at Disney and UTV Motion Pictures.