Bollywood's svelte actress Shilpa Shetty, who turned an entrepreneur by owning a restaurant chain and an IPL (Indian Premier League) team, will be hosting a high profile party for Hollywood hottie Liz Hurley. The Hollywood A-lister was in Mumbai for a week to be beside her boyfriend-cricketer Shane Warne, the captain of Shilpa and Raj Kundra's IPL team, Rajasthan Royals. During her short visit, she bonded like a house on fire with Shilpa and Raj, as the three have now become good friends.

Liz Hurley has now returned to London to meet some commitments but will be back in the country on May 17, when Rajasthan Royals will be playing a very important match. Liz will then again be by Shane Warne's side giving him moral support. That's when Shilpa will be having her bash. The party will be hosted by Shilpa and Raj at their Juhu Bungalow.

In spite of lying low due to her strained back, Shilpa has already started preparing for the grand party.