Mumbai, August 15 (ANI): The much awaited trailer of Shah Rukh Khan’s ‘Happy New Year’ was launched by its team at grand event held in Mumbai. Present at the event was the Shah Rukh Khan, Deepika Padukone, Sonu Sood, Abhishek Bachchan, Boman Irani and Vivaan Shah along with Farah Khan. The film, directed by Farah Khan and produced by SRK`s Red Chillies Entertainment, is centred around six losers who set out to change their destiny. The much-awaited three-minute trailer gives a sneak peek into the Bollywood masala film. Touted as Bollywood`s big Diwali release this year, the film promises to make the festive season `happier` for fans of Hindi movies, and SRK, who will be seen on the silver screen after a gap of over a year. The film is scheduled to be released on Diwali, October 24.