News had it that 'Rock On!' helmer Abhishek Kapoor's next 'Kai Po Che!' is based on Chetan Bhagat's bestseller 'The 3 Mistakes of My Life'. The latest update is that the banner UTV Spotboy has announced its release date - the film is reported to hit the screens worldwide on January 11th 2013.

The film, which has dollops of fun, friendship, masti, and highlights the coming of age of a group of three middle class youth, will star Sushant Singh Rajput, Raj Kumar Yadav and Amit Sadh in the lead.

The film is being shot extensively in Gujarat - Ahmedabad, Porbandar, Sabarmati, Vadnagar and Diu.

Music for 'Kai Po Che!' will be composed by Amit Trivedi with Javed Akhtar penning the lyrics.

About The Book - 'The 3 Mistakes of My Life' is the story of three friends and is based in the city of Ahmedabad. The plot sees a young boy in Ahmedabad named Govind dream of starting a business. To accommodate his friends Ishaan (the central character) and Omi's passion, cricket, they open a cricket goods and training shop. However, each has a different motive: Govind's goal is to make money; Ishaan desires to nurture Ali, a gifted batsman; Omi just wants to be with his friends. The events that transpire against the backdrop of all that occurred in the city during that time, change the lives of each of the friends in very different ways.