"They had a baby boy at 4.50 a.m. in Lilavati Hospital. The mother and child are fine, " a source close to the couple told.
Bhushan, son of the late T-Series founder Gulshan Kumar, married Divya in 2005. This is their first child.
Under his label, Bhushan has produced films like "Bhool Bhulaiyaa" and "Karzzzz".