The dreaded gangsters were identified as Bagga Khan and Gahia Khan, police said.
More than 100 bullets were fired by both sides in the shootout that took place behind the police station in ward no 5 of Makhu, during which Gahia was hit in his ankle.
The other three arrested persons include Stephan and Vishal, both belonging to Makhu, and Amandeep of Faridkot.
Police said they had got a tip-off last evening that some notorious gangsters were hiding in Makhu area. They immediately swung into action and identified the location where the gangsters were hiding.
By this time, the police had surrounded the entire area, leaving no avenue for the accused to flee. Later, all five were apprehended. Two .32 bore pistols and a .315 bore country-made revolver along with ammunition was seized.
Garg said that Bagga and Gahia were also involved in a shoot-out in Malerkotla town three days ago, when the duo along with their other accomplices fired at a shopkeeper Kallimuddin and later fled the spot.
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