Rana Daggubati in Baahubali
Rana Daggubati in BaahubaliTwitter

Filmmaker Karan Johar's Dharma Productions has acquired the rights of S.S.Rajamouli's Telugu film "Baahubali".

The official website of Dharma Productions released a statement regarding the same.

"Karan Johar presents Baahubali - India's Largest Motion Picture, Directed by S.S.Rajamouli," the statement read.

"Baahubali" movie's twitter handle also confirmed the reports and tweeted that Dharma Productions along with AA Films will release the film in Hindi.

"We are excited to announce that @Karanjohar through his Dharma Productions & Anil Thadani of AA Films will be presenting and releasing #Baahubali in Hindi," the tweet read.

While the production houses haven't revealed the technical details, reports suggest that Karan bought the rights for a whopping price.

"The ace director bought the Hindi rights for a whopping amount. Though no one is talking about the money, this marks the first time that a big Bollywood director and producer like Karan is involved in a Telugu film," Deccan Chronicle quoted a source as saying.

"Baahubali" is one of the most awaited movies of the year. The film has been made on a budget of a whopping ₹175 crore and will be released in two parts.

The first part of the movie will release this year, while the second part will hit screens in 2016.

The film features an ensemble cast starring Prabhas, Rana Daggubati, Anushka Shetty, Tamannaah, Ramya Krishnan, Sathyaraj, Nassar, Adivi Sesh, Tanikella Bharani and Sudeep.

Meanwhile, Karan also shared the first look of  Rana Daggubati starrrer "Baahubali".