A car and Rs 1.25 lakh in cash which they had snatched from a person yesterday were recovered. A revolver was also seized from them, police said.
Sajayveer Singh and Jagseer Singh were arrested, they said, adding search is on to nab Harjinder Singh and Jaseer Singh, who managed to escape.
Investigation has revealed that the gang was active in Moga, Faridkot and Ferozepur districts, police said.