Bollywood actress Shilpa Shetty has announced her latest venture on micro-blogging site Twitter. She is all set to open a new club called Royalty in Mumbai with her businessman husband Raj Kundra.

'Okay guys this is the news. Our newest venture is Royalty - the newest club in town, nearly ready, have been busy with that, so happy (that it is) nearly done,' Shilpa posted on her Twitter page Friday.

'You heard it here first as promised. Having our first party here after the Rajasthan Royals match, hope we win...more reason to celebrate,' she added.

According to an informed source, the duo have bought Poison, a club in Bandra, and plan to re-open it by the name Royalty.

Shilpa and Raj are currently busy with the Indian Premier League (IPL) T20 cricket tournament that kicked off Friday.

Her other business ventures include a wellness spa chain called Iosis and her own brand of healthy curries and poppadoms in Britain.