It's the season of sequels and after the grand success of their film Once Upon a Time In Mumbaai, Balaji Motion Pictures is ready to revisit the underworld saga once again.

Producer Ekta Kapoor has not only sealed the main leads but has also announced the release date of the sequel.

Ekta revealed the star cast of the film on her facebook page. She wrote, "Balaji Motion Pictures Next Film Once Upon A Time In Mumbaai 2 Star Cast Announced Akshay Kumar.Kareena Kapoor.Ileana D'Cruz.Shahid Kapoor.Release Date August 17, 2012......"

And now that Kapoor has officially announced the film's release date, let's hope it doesn't take her long to get the project on floors...