While NAFEX.com is known to offer best rates for foreign exchange and make transactions not only easy but also reliable, Shrey develops, manufactures and distributes helmets.

Commenting on the announcement, Kings XI Punjab COO Fraser Castellino said, "We would like to welcome Nafex.com and Shrey to the Kings XI Punjab family. The energy and vibe of both Nafex and Shrey is youthful and vibrant which is in sync with our franchise's attributes. With the support of our fans and sponsors, we are all set to take to the battlefield with great zeal and excitement."

Kings XI Punjab recently announced partnership with Air Asia and HTC Mobiles. Existing sponsors of the franchise for CL T20 are Tata Motors Prima, Flying Machine, Prayag, Britannia, McDowells and TK Sports.

The team will play its first match against Hobart Hurricanes on September 18.

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