The film was originally scheduled to release Oct 25, but it was delayed due to issues, which cropped up between Varma, and one of the producers of the film, Arun Sharma.
"Satya 2" is made within Rs.15 crore, according to sources. The hype around the film has been built up since a long time.
It was touted to be a sequel to Varma's hugely successful 1998 film "Satya". But the filmmaker has emphasised several times that the new film is not a sequel.
He has stressed on the fact that the film will stand apart from the other gangster dramas as here, the protagonist will `reinvent the underworld`.
"'Satya 2' is about a man whose thinking starts where all the earlier real life dons like Dawood Ibrahim's and Chota Rajan's thinking ended," Varma had shared on Twitter once.
Said to be Varma's last gangster film, the movie will see debutant actor Puneet Singh in the lead role of a corporate gangster. It will also introduce two new faces - Anaika Soti and Aradhana Gupta.
The music of the film is varied with the promotional track being inspired by the theme song of Hollywood film "The Godfather".