Shakti Samanta's 1967 film An Evening in Paris will be re-released in a city theatre this week along with Akrosh, Knockout and animation movie Ramayan.
Ramchand Talreja of Tirupati Enterprises told PTI that he paid royalty to the late Shakti Samanta's family to purchase the negatives.
"The re-released version in cinemascope will have brand new prints and posters," he said.
Talreja said present day Bollywood movies are taken off theatres after a week or even less than that. "compared to the present trend, old movies are still remembered. An Evening in Paris was shot abroad and the first Indian movie to showcase Niagra falls. Besides all its seven songs were chartbusters which are popular even on Wednesday," he added.
A few years ago Dilip Kumar's Naya Daur and Mughal-e-Azam were re-released in colour.
Talreja said present day Hindi movies are not doing well and do not have much shelf-life. "As compared to this, Living legends like Shammi Kapoor, Dilip Kumar are still popular and command huge audience wherever they go," he added.
Talreja, who distributed films like old movies Pyasa, Bluffmaster and Boyfriend, said recently a private radio channel organised a film festival where Shammi Kapoor's Teesri Manzil and An Evening in Paris were screened.
"It got huge response from youngsters. Hence, I am keeping my fingers crossed," he said.
He and his partner P V Raheja also plan to release the film in his hometown Nagpur based on the response in Mumbai. The film will be screened at Alankar theatre in the city.