Mumbai Indians’ captain moves to Punjab Kings at ₹18 crore and Arshdeep Singh goes the other way, the fourth IPL trade announced since June.
Hardik Pandya will play IPL 2027 in Punjab Kings colours. The IPL said in a media advisory on 11 November that Mumbai Indians had traded their captain to PBKS, with left-arm seamer Arshdeep Singh moving from Punjab to Mumbai.
Pandya gets a raise in the deal. His fee rises to ₹18 crore from the ₹16.35 crore he was on at Mumbai, while Arshdeep moves at his existing ₹18 crore, so both franchises carry the same price for the man they receive.
Pandya leaves Mumbai for the second time
Pandya first joined Mumbai in 2015 and won four titles there. He left for Gujarat Titans before IPL 2022 and captained them to the title in their first season, then came back to Mumbai in 2024 and took over as captain, a role he held until this week’s trade.
His IPL record stands at 162 matches and 2,955 runs, with 82 wickets.
Arshdeep is the bigger loss for Punjab. He made his debut for the franchise in 2019 and spent eight seasons there, and he leaves as its all-time leading wicket-taker, with 111 wickets in 96 IPL matches. The IPL advisory describes him as India’s leading wicket-taker in T20 Internationals.
A swap that keeps the fee the same at one end
Trades in the IPL are announced by the league once both franchises and the player have agreed, and a player can move at his existing fee or at a revised one. This window has had both. Arshdeep, Kuldeep Yadav and three of the four players in the Chennai Super Kings deal moved on unchanged fees. Pandya, Rishabh Pant, Liam Livingstone and T. Natarajan moved on new ones, and in three of those four cases the new figure was lower.
| Announced | Trade | Fees after the move |
|---|---|---|
| 23 June | Rishabh Pant to Delhi Capitals; Kuldeep Yadav to Lucknow Super Giants | Pant ₹15 crore (revised); Kuldeep ₹13.50 crore |
| 14 October | T. Natarajan to Sunrisers Hyderabad; Zeeshan Ansari to Delhi Capitals | Natarajan ₹5 crore (revised from ₹10.75 crore); Ansari ₹40 lakh |
| 5 November | Liam Livingstone and Jack Edwards to Chennai Super Kings; Khaleel Ahmed and Nathan Ellis to Sunrisers Hyderabad | Livingstone ₹6 crore (revised from ₹13 crore); Edwards ₹3 crore; Khaleel ₹4.8 crore; Ellis ₹2 crore |
| 11 November | Hardik Pandya to Punjab Kings; Arshdeep Singh to Mumbai Indians | Pandya ₹18 crore (revised from ₹16.35 crore); Arshdeep ₹18 crore |
Source: IPL media advisories on iplt20.com, June to November 2026
For Chennai followers, two of those deals touch the city. CSK’s November swap brought in Livingstone and Edwards and sent Khaleel, who took 15 wickets in 14 matches for CSK in 2025, back to Hyderabad.
Natarajan, who had five seasons at Sunrisers from 2020 to 2024 and took 19 wickets in their 2024 run to the final, returned there in October after a single season at Delhi.
Mumbai now need a new captain for next season. The advisory of 11 November does not say who will lead them in 2027, and it says nothing about what role Pandya will play at Punjab Kings. It carries no comment from either franchise or from the two players, only the fees and their records in the league.
For Context
The biggest fee cut of the window belongs to Pant. Lucknow bought him for ₹27 crore at the 2025 auction, which the IPL calls the highest winning bid in its history, and he returned to Delhi in June at ₹15 crore. Kuldeep went to Lucknow at his existing ₹13.50 crore after taking 72 wickets in 65 matches over five seasons with Delhi.
Checked against official sources on 13 November 2026.
Sources
- Hardik Pandya and Arshdeep Singh complete major trade between PBKS and MI, IPL media advisory, 11 November 2026 (iplt20.com)
- CSK and SRH agree to four-player trade, IPL media advisory, 5 November 2026 (iplt20.com)
- T. Natarajan returns to Sunrisers Hyderabad; Zeeshan Ansari moves to Delhi Capitals, IPL media advisory, 14 October 2026 (iplt20.com)
- Rishabh Pant and Kuldeep Yadav complete high-profile trade between DC and LSG, IPL, 23 June 2026 (iplt20.com)
