`Rana` will be directed by K S Ravikumar who in the past has directed the southern superstar`s hits such as `Muthu` and `Padayappa`.
Scheduled to go on floor in March this year, `Rana` will be a live action magnum opus with Rajni playing triple role and will be released in Tamil, Hindi and Telugu.
Music would be scored by A R Rahman, Director of Photography would be Ratnavelu, Editing would be done by Antony. The technical and special effects director will be Soundarya Rajnikanth; Charles Darby of Eyeqube Studios -- renowned visual effects luminary and an Emmy award winner -- will be the visual effects supervisor of the film.
The film is scheduled to release in early 2012.
Speaking on the development, Sunil Lulla, Managing Director, Eros International Media Ltd said, "Rajni fans will be treated to a triple role essayed by their favourite actor.
Rana is going to be far different from any of the recent Rajni films, a complete live action magnum opus with loads of entertainment for his fans."
Soundarya Rajnikanth, Director of Ocher Studios Private Limited, and younger daughter of the filmstar, added, "We are very pleased to announce this partnership with Eros International for Rana. We hope to make a film that will live up to the huge expectations of the movie-goers."
Rajnikanth`s last film `Robot` was a superhit that released in Tamil, Telugu and Hindi, and grossed more than Rs 400 crore worldwide.