The two stars had a bitter past and had engaged in mud-slinging after their 2001 film, Ajnabee.
Their catfight, which is now famous, had started on the sets of the film. The two always maintained their distance after that.
At a film awards announcement event on Tuesday at the US consulate grounds at the Bandra-Kurla Complex, the two seemed to have kissed and made up.
Initially they stood at extreme ends on the dais, but later Bebo, Bips and Saif Ali Khan were seen chatting.
Interestingly, there was buzz about a rumoured affair between Saif and Bipasha during the filming of their 2008 film, Race. Guess all three have let bygones be bygones.
