The state unit leaders of both the parties met at the residence of Leader of Opposition in Legislative Assembly Radhakrishna Vikhe Patil.
Congress leader Manikrao Thakre said it was decided to expedite the process of finalising the talks with Bharip Bahujan Mahasangh leader Prakash Ambedkar, Swabhimani Shetkari Sanghatana leader Raju Shetti and Left parties.
Talks with Samajwadi Party are in the final stages, he said.
"If Ambedkar is flexible, Congress is ready to accommodate him. Congress is positive about the issues he has raised other than the demand for number of seats," Thakre said.
According to him, the final seat-sharing formula would be decided after talks with smaller parties conclude.
"We need to see which constituencies will be given to the smaller parties. The formula will be balanced," he said.
"We are ready to give four seats to Ambedkar and one seat to CPM," he said.
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