Hi Charuwaka,
I think this is quite simple until you want to perform something specific. Below is an example:
Dim str1, str2 As String
str1 = "Sunny"
str2 = "Manish"
For Each c As Char In str1
If (str2.IndexOf(c) > -1) Then
str2 = str2.Remove(str2.IndexOf(c), 1)
str1 = str1.Remove(str1.IndexOf(c), 1)
End If
Next
Console.WriteLine("String 1: " + str1 + ", String 2:" + str2)
Console.ReadLine()
Hope this helps.
Happy Coding :)