India, Nov. 11 -- Flamboyant all-rounder Hardik Pandya moved to Punjab Kings from Mumbai Indians at an increased fee of Rs 18 crore, while PBKS traded pacer Arshdeep Singh for him, completing the biggest and most high-profile exchange of players in the history of IPL.

Pandya's existing fee was Rs 16.35 crore. Arshdeep, on the other hand, moved to Mumbai at an unchanged price tag of Rs 18 crore, read a statement from the IPL.

Before this, Chennai Super Kings had acquired Sanju Samson this year for Rs 18 crore from Rajasthan Royals, who got Ravindra Jadeja for Rs 14 crore and Sam Curran for Rs 2.4 crore from CSK.

Transfer Fee is a bipartite agreement between two franchises and it is independent of retention fee (the salary paid to a play...