The film will be released by Kashyap and his distributor friend Sunil Bohra.
Initially, there were reports that it was filmmaker Ashutosh Gowarikar`s film `Khelen Hum Jee Jaan Se` starring Abhishek Bachchan that was causing a hurdle in the release of `Chittagong` since the two films are based on same subject.
"Anurag is a good friend. He liked the film a lot and told me about it. We are jointly presenting the film and we will try and ensure that the film has a wide release like any other commercial film," Bohra said in a statement.
`Khelein Hum Jee Jaan Sey`, a period film directed by Ashutosh Gowariker, starring Abhishek and Deepika Padukone in the lead roles, was based on the Chittagong Uprising of 1930.
The film which was released last December, was a box office failure.
Directed by Bedabrata Pain, `Chittagong` starring Manoj Bajpai in the lead, is scheduled to release early next year. The film is set against the backdrop of a little known saga in 1930s British-occupied India - where a group of schoolboys and young women, led by a teacher, Masterda Surya Sen, played by Bajpai dared to take on the British Empire.
"The delay was a blessing in disguise as it gave us some more time to do the patch work better. I am honoured that filmmakers such as Anurag Kashyap, Vishal Bharadwaj, Rakeysh Mehra, Ketan Mehta and others have loved the film. I am thrilled that the film is getting released now," Pain said.