Punjab Kings, armed with the largest IPL 2025 budget, secured batter Shreyas Iyer for a record-breaking Rs 26.75 crore. Bolstering their squad, PBKS acquired Arshdeep Singh and Yuzvendra Chahal for Rs 18 crore each.

Punjab Kings had only retained two players ahead of the auction and both of them were uncapped. In the run up to the auction, the Punjab franchise also brought in Ricky Ponting as their head coach. In the auction, they have tried to buy some good Indian players alongside trusted overseas names.

In addition to Iyer, PBKS also secured Yuzvendra Chahal for Rs 18 crore, Marcus Stoinis for Rs 11 crore, and Glenn Maxwell for Rs 4.2 crore. Meanwhile, the franchise retained pacer Arshdeep Singh for Rs 18 crore.