Mumbai, Apr 24: Following Sebi's removal of restrictions, Grasim Industries Ltd is to proceed with its open offer to L&T shareholders to acquire upto 20 per cent stake at Rs 190 per share. "We are in process of carrying out the requisite modifications to the letter of offer and also finalising the revised timeline for the same," Grasim informed the Bombay Stock Exchange yesterday. The market regulator has withdrawn the restrictions imposed on the company by later dated November 29, 2002 to acquire any further equity shares of L&T. Bureau Report