Mumbai, May 17 -- For over two decades, Paresh Rawal's character, Baburao Ganpatrao Apte, aka Babu Bhaiya, from the 'Hera Pheri' series has been one of Indian cinema's most iconic and beloved comedy characters to date.

Earlier this year, director Priyadarshan confirmed a third instalment of the iconic franchise, with the OG trio--Akshay Kumar, Paresh Rawal, and Suniel Shetty--returning. Fans were left excited ever since the news was announced.

However, actor Paresh Rawal has now confirmed that he has exited the third film in the beloved series. When ANI reached out to the actor to ask if the news was true, he replied, "Yes, it is."

Soon after the news went viral, heartbroken fans quickly expressed their disappointment on social media....