Besides Roy, the apex court also granted parole to one of jailed Sahara directors Ashok Roy Choudhary, who is a relative of Subrata.
Roy's mother Chhabi Roy, 95, passed away in Lucknow after prolonged illness.
"Both Subrata Roy and Ashok Roy Choudhary were released around 8.45 pm from the jail number 1 of Tihar where they had been lodged since March 4, 2014," said a senior jail official.
He was sent to jail on the orders of Supreme Court in a long running dispute with market regulator SEBI.
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