Sept. 16 (Bloomberg) -- Reliance Capital Ltd. plans to set up a housing finance subsidiary in India to provide home loans, billionaire Chairman Anil Ambani told shareholders at a meeting in Mumbai today.

Ambani didn't immediately provide additional details.

To contact the reporter on this story: M.C. Govardhana Rangan in Mumbai at grangan@bloomberg.net.

Last Updated: September 16, 2008 02:09 EDT