Frontline Holdings Pvt Ltd and Evernew Commodeal Private Limited and other investors made a bid to acquire 26% stake in Dhanashree Electronics Ltd. for INR 44.3 million on July 25, 2016. The consideration will be paid in cash at INR 12 per share. The other investors are Madan Gopal Maheshwari HUF, Madan Gopal Maheshwari, Sumitra Devi Toshniwal, Chand Prakash Tochniwal, Chand Prakash Tochniwal & Sons HUF, Durga Devi Toshniwal, Santosh Kumar Toshniwal, Veena Devi Toshniwal, Nitesh Toshniwal, Abhishek Toshniwal, Yogita Toshniwal, Saket Toshniwal, Pawan Toshniwal and Nand Lal Toshniwal & Sons Co HUF.