India top-order batter Shreyas Iyer was on Sunday announced skipper of Indian Premier League side Punjab Kings ahead of the new season beginning in March. The right-hander, who captained Kolkata Knight Riders during their title-winning campaign in 2024, was roped in by PBKS for a massive Rs 26.75 crore, making him the the second-most expensive player during the IPL auction held in November last year.