Mumbai Indians (MI) and Punjab Kings (PBKS) have completed a major player exchange ahead of the Indian Premier League (IPL) 2027 season, involving Hardik Pandya and Arshdeep Singh.
Pandya, who currently captains Mumbai Indians, will join Punjab Kings for ₹18 crore, compared with his previous contract value of ₹16.35 crore. Meanwhile, Arshdeep will move to MI at his existing fee of ₹18 crore.
Apart from Punjab, Kolkata Knight Riders, Rajasthan Royals and Lucknow Super Giants had reportedly expressed interest in signing the all-rounder.
The transfer concludes Pandya’s second spell with Mumbai Indians, where he won four IPL titles.
He joined the franchise in 2015 and played a key role in its championship-winning campaigns in 2015, 2017, 2019 and 2020.
Following seven seasons with MI, Pandya joined Gujarat Titans in 2022 and captained the franchise to victory in its debut IPL campaign. Gujarat also reached the final in 2023.
He returned to Mumbai in 2024 and assumed leadership responsibilities. Across 162 IPL appearances, Pandya has accumulated 2,955 runs at a strike rate of 146.28 and taken 82 wickets.
Arshdeep will leave Punjab Kings after eight seasons with the franchise, having made his IPL debut in 2019.
The left-arm fast bowler has collected 111 wickets in 96 matches, making him Punjab’s leading wicket-taker.
He claimed 21 wickets during IPL 2025 and added another 14 in the 2026 edition.
His ability to take early wickets and deliver effective spells in the closing overs will give Mumbai Indians an additional pace-bowling option for the upcoming season.
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