Hardik Pandya will join Punjab Kings at a revised fee of Rs 18 crore, and Arshdeep Singh will move to Mumbai Indians at his existing Rs 18 crore, the IPL announced on Wednesday, in the biggest swap yet before the 17 November retention deadline for IPL 2027.
Two of the league’s best-known Indian players have changed franchises. In an announcement on Wednesday, the IPL said Hardik Pandya would move from Mumbai Indians to Punjab Kings, with Arshdeep Singh going the other way. Mumbai welcomed Arshdeep as India’s highest wicket-taker in men’s T20Is, while Punjab bid him farewell with a message that he would always have a home there.
Two India stars, two new homes
Pandya’s IPL career has been split between two franchises and a title-winning detour. He played for Mumbai from 2015 and won the title with them in 2015, 2017, 2019 and 2020, then led Gujarat Titans to the 2022 championship and the 2023 final. He returned to Mumbai in 2024 and took over the captaincy from Rohit Sharma, but Mumbai did not win a title in his second spell. He arrives at Punjab with 162 IPL appearances, 2,955 runs at a strike rate of 146.28 and 82 wickets, and will play under captain Shreyas Iyer. Punjab chief executive Satish Menon described him as a proven match-winner.
Arshdeep leaves after eight seasons. He made his IPL debut in 2019 and is Punjab’s all-time leading wicket-taker, with 111 wickets in 96 matches. Punjab had kept him at Rs 18 crore at the 2025 mega-auction, and that is the figure at which he now joins Mumbai.
The money
The two fees are identical, which keeps the swap tidy on paper. Arshdeep joins Mumbai at his existing Rs 18 crore. Pandya’s fee rises to Rs 18 crore, which the IPL described as a revised figure, an increase on what Mumbai were paying him.
What comes next
The swap lands days before the lists are locked. The BCCI has extended the deadline for all ten franchises to submit their retained and released players to 17 November, and the mini-auction is scheduled for 16 December in Goa. It follows an earlier four-player trade between Chennai Super Kings and Sunrisers Hyderabad, in which Liam Livingstone and Jack Edwards moved to Chennai for Khaleel Ahmed and Nathan Ellis. Mumbai said in its statement that it will take a considered approach to its captaincy options and announce a decision at the appropriate time.
