Complex sentence: Employing the same cast, the film is to be directed by Pandey's assistant, and as UTV owns the rights to the title, "A Wednesday", an alternative would be chosen, as it being produced by Neeraj Pandey himself.
Split into simpler sentences: Employing the same cast, it is to be directed by Pandey's assistant. As UTV owns the rights to the title, an alternative would be chosen, as it being produced by Neeraj Pandey himself.