I haven't found any good reference sources, so this is just my personal experience. It ended up being too long for a comment, so I hope it's appropriate as an answer.
I do this frequently, with both my indoor and outdoor potted plants. Especially outdoors, I tend to be lazy, so if I've already put away the hose or watering can, and notice something overflowing, I just pour it into a nearby pot. As Srihari Yamanoor recommended, I do make sure the potting soil is exactly the same.
It didn't occur to me until just now that some plants may deposit things into the water that aren't good for a different type of plant, so maybe in order to be safe rather than sorry, you should only use the same variety. In my experience, though, it hasn't mattered. In fact, more often than not, my second plant is a different species altogether.
Again, as with Srihari Yamanoor, I have a concern for bacteria and insect growth. For that reason I never let the water from the original plant get stagnant. Although there are some plants that will re-absorb it, some won't, so I take that into consideration when water drains through the pot into the saucer below.
If I know the original plant won't use it quickly, or if I've overwatered to the point where it's spilling out of the saucer, I collect it and quickly use it to water another plant. I've never diluted with fresh water, but it sounds like a good idea.