Mumbai Indians co-owner Akash Ambani has thanked Hardik Pandya for his contribution to the franchise and welcomed pacer Arshdeep Singh, after the IPL made a trade between Mumbai Indians (MI) and Punjab Kings (PBKS) official said on Wednesday, 11 November, ahead of IPL 2027.
Hardik moved teams at a fee of ₹18 crore, up from his existing ₹16.35 crore, while Arshdeep enters MI at his existing fee of ₹18 crore, according to the IPL’s statement. Arshdeep is India’s leading wicket-taker in T20 Internationals.
“Hardik has shared some very special moments with Mumbai Indians,” Akash said, adding that his contribution, energy and competitive spirit had been valuable to the five-time champions, media houses reported.
Hardik’s exit from the team ends his second spell during which he won four IPL titles.
Welcoming Arshdeep, Akash said the left-armer’s arrival “adds an exciting dimension to our bowling attack.” Arshdeep so far played 96 matches across eight seasons for PBKS after his IPL debut in 2019. He will now form a pace pairing with Jasprit Bumrah in Mumbai, as per sources familiar in the know.
MI has performed under Hardik since 2024, so the franchise now needs a new skipper for IPL 2027. PBKS will be his third IPL team. He is not expected to captain there, as Shreyas Iyer leads the side. Former India pacer Irfan Pathan said the trade “makes Mumbai Indians a stronger side.”