Kings XI Punjab is a cricket franchise based in Mohali, Punjab in the Indian Premier League. For the IPL3, an additional venue has been chosen at Dharamsala. The first owners of the franchise included Preity Zinta, Ness Wadia (Bombay Dyeing), Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur). The group paid a total of $76 million to acquire the franchise.