Critically-acclaimed Bollywood actor Nawazuddin Siddiqui will play the title role in the upcoming 'Thackeray' biopic. The movie is reportedly based on late Shiv Sena founder and leader Balasaheb Thackeray. 'Thackeray' is directed by Abhijit Panse and scripted by Shiv Sena MP Sanjay Raut. While the first promotional posters of the biopic were released by Uddhav Thackeray, the project was officially launched earlier today in an event in Mumbai. Watch the teaser here: The launch was studded with ace Bollywood celebrities of the like of Amitabh Bachchan and other personalities like Shiv Sena President Uddhav Thackeray. Raut is believed to have been penning down the story for close to four years now. A post shared by Shubham Pune (@swarrajpune_) on Dec 21, 2017 at 9:36am PST × Nawaz's first look as Bal Thackeray garnered mixed reactions from fans. A post shared by reviewwalebaba (@reviewwalebaba) on Dec 21, 2017 at 5:48am PST × Some thought he looked good, others that he didn't look the part. Ha ha ha True.. Indeed a Muslim Actor playing Bal Thackeray...It Happens only in Indya.. https://t.co/mgnBjuBCHs — SUDHIR MISHRA (@SHAHSUDH) December 21, 2017 × There had been news earlier of Nawazuddin reportedly losing the role owing to his "controversial" image. The movie will be released in January 2019.