New Delhi: Kings XI Punjab on Thursday traded Ravichandran Ashwin to Delhi Capitals for Rs 1.5 crore and Karnataka spinner Jagadeesha Suchith, ending a series of intense negotiations over the Indian spinner's IPL future. Besides Suchith, KXIP had also asked Delhi for New Zealand pacer Trent Boult as part of the Ashwin trade-off but that did not materialise.

"Everyone is happy with this deal. We are happy, Ashwin is happy and Delhi is happy. We were in talks with three teams but have finally come to this conclusion. We wish Ashwin the very best," KXIP co-owner Ness Wadia told PTI. Ashwin is expected to be paid Rs 7.6 crore, his auction value, by Delhi. A formal announcement will be made before the IPL transfer window closes on November 14.