The Indian Premier League (IPL) on Wednesday (November 11) confirmed the marquee trade between Mumbai Indians (MI) and Punjab Kings (PBKS), involving Hardik Pandya and Arshdeep Singh.

Hardik has joined PBKS for Rs 18 crore, a rise from his previous salary of Rs 16.35 crore, while Arshdeep moved to MI at his existing Rs 18 crore contract.

Hardik’s trade brought the curtain down on his second stint with MI, a franchise with which he won four IPL titles. Having first joined MI in 2015, he developed into one of the league’s most impactful all-rounders, contributing with both bat and ball during the team’s title-winning campaigns in 2015, 2017, 2019 and 2020.

After seven seasons with Mumbai, Hardik moved to Gujarat Titans (GT) ahead of IPL 2022 and made an immediate impact as captain, leading the franchise to the title in its debut season. GT also reached the final in 2023 before he returned to MI in 2024 and took over the captaincy. Across 162 IPL matches, he has scored 2,955 runs at a strike rate of 146.28 and claimed 82 wickets, underlining his value as a proven match-winner.

On the other hand, Arshdeep moved to MI after eight seasons with PBKS, the franchise where he made his IPL debut in 2019 and established himself as one of the competition’s leading left-arm fast bowlers. With 111 wickets in 96 IPL matches, he is PBKS’ all-time leading wicket-taker.

Arshdeep’s ability to make early breakthroughs with the new ball and deliver under pressure in the death overs has made him a key component of Punjab’s bowling attack. He claimed 21 wickets in IPL 2025 and followed that with 14 wickets in the 2026 season. His left-arm pace and ability to deliver across different phases of an innings will add considerable depth to MI’s bowling attack.

The blockbuster payer swap comes ahead of the IPL 2027 mini-auction, scheduled for December 16 in Goa.