While Johar directed the first film besides co-producing it, the sequel will be helmed by Punit Malhotra of 'I Hate Luv Storys'.

"It's OFFICIAL... Directed by Punit Malhotra, Student of the Year 2 (SOTY2) with Tiger Shroff @iTIGERSHROFF," tweeted Johar, who will produce the movie under his Dharma Productions.

Expressing his happiness, Tiger tweeted, "Wound up and charged sir! Yahooo!! @karanjohar @punitdmalhotra #StudentOfTheYear2."

Rest of the film's cast is yet to be announced. The first movie, which was a love triangle story, launched the careers of Varun Dhawan, Sidharth Malhotra and Alia Bhatt.

The three lead stars wished all the luck to the 26-year-old 'BaaghI' actor and the team of the sequel.

"Sounds exciting @karanjohar can't wait to watch it best of luck @punitdmalhotra n @iTIGERSHROFF," tweeted Sidharth, with Tiger replying, "Thank you so much @S1dharthM! Looking forward to baar baar dekho! All the best!"

Alia showed curiosity about the film's lead actress and praised Tiger, writing, YAY! I wonder who the lovely girl is??? Either way no one better than @iTIGERSHROFF to take the franchise forward!!!"

Replying to her post, Tiger said the original actors are tough to match.

Varun also extended his best wishes to the team.