Create a new group in Azure Active Directory or in your local Active Directory (hybrid tenants).
You can select an existing group to use a template to prefill property fields in the creation dialog.
If you select more than one group, only property values common to all selected groups will be used to prefill the dialog.
Once applied, you will have a preview of the new group in the grid before clicking 'Save' to commit the changes in the grid.
Group creation in Azure AD is currently limited to Microsoft 365 or Security groups.
Create a group in the cloud
Create a group on-premises