India, Nov. 11 -- Mumbai Indians captain Hardik Pandya will move to Punjab Kings ahead of IPL 2027, with Arshdeep Singh joining Mumbai Indians in return, in what the league called a marquee player trade announced on Wednesday (November 11).

Pandya joins Punjab Kings at a fee of Rs 18 crore, up from his existing fee of Rs 16.35 crore. Arshdeep moves to Mumbai Indians at his existing fee of Rs 18 crore, the IPL said in a media advisory.

The trade ends Pandya's second stint with Mumbai Indians, with whom he won four IPL titles, in 2015, 2017, 2019 and 2020. He joined the franchise in 2015 and spent seven seasons there before moving to Gujarat Titans ahead of IPL 2022, where he captained the side to the title in its debut season and to the ...