The two franchises completed a direct player swap ahead of the November 17 retention deadline.
Mumbai Indians and Punjab Kings have completed a major trade deal in which all-rounder Hardik Pandya will move to Punjab Kings in exchange for pacer Arshdeep Singh, according to reports from Hindustan Times, India Today and Sportstar.
The Indian cricket board officially announced the trade on November 11. Pandya joins Punjab Kings at a fee of Rs 18 crore, an increase from his previous fee of Rs 16.35 crore. Arshdeep Singh moves to Mumbai Indians at his existing fee of Rs 18 crore.
The deal involves a direct swap with no additional cash component. Arshdeep Singh, who has taken 111 wickets in 96 matches, departs Punjab Kings after eight seasons. He was previously retained by the franchise using the Right to Match card for Rs 18 crore.
Pandya, who has won five IPL titles, returns to Punjab Kings after a second stint with Mumbai Indians. During his recent tenure as captain of Mumbai Indians, the team finished at the bottom of the table in 2024 and ninth in 2026.
Arshdeep Singh's father said in an interview with journalist Vimal Kumar that the move came as a shock, but he was happy for his son to play alongside Jasprit Bumrah at Mumbai Indians.
The trade was finalised ahead of the November 17 retention deadline.
