Mumbai Indians and Punjab Kings have completed a high-profile trade involving two of Indian stars Hardik Pandya and Arshdeep Singh. As part of the deal, highly experienced all-rounder Hardik Pandya heads to Punjab Kings, while the left-arm fast bowler Arshdeep Singh will move to Mumbai Indians in the biggest deal of the Indian Premier League (IPL).

“Pandya will join PBKS at a fee of ₹18 crore, up from his existing fee of ₹16.35 crore, while Arshdeep will join MI at his existing fee of ₹18 crore,” the IPL statement stated.

Hardik Pandya, who made his IPL debut with Mumbai Indians in 2015, moved to Gujarat Titans in 2022 before rejoining MI in 2024 and has now been traded PBKS for a sum of Rs 18 crore. He has been leading Mumbai Indians since 2024; however, under his leadership, the MI have been unable to achieve fruitful results. 

Under Hardik’s captaincy, MI endured a torrid campaign in 2024, finishing last in the points table. But in the next season they made it to the playoffs. However, they again had a horrible outing in 2026, capping off their campaign with four wins in 14 games.

Meanwhile, Arshdeep joins the five-time IPL champions after spending his entire IPL career with Punjab since making his debut in 2019. Arshdeep will join MI at his existing fee of INR 18 crore.