Copy of the object ID of the source group
Get the members of the group using object ID to make sure you are on the right group
Get-AzureADGroupMember -ObjectId a8a3b9f5-3451-4e17-923c-06554e841f55 -All $true
Copy the object ID of the target group
Copy the target group object ID in the second object ID
(Get-AzureADGroupMember -ObjectId a8a3b9f5-3451-4e17-923c-06554e841f55 -All $true) | ForEach-Object {Add-AzureADGroupMember -ObjectId 37cc533e-17ac-4db5-b474-5c5f9a228ed5 -RefObjectId $_.ObjectID}
Now the Members have been copied from source to target Azure AD group
(Get-AzureADGroupMember -ObjectId a8a3b9f5-3451-4e17-923c-06554e841f55 -All $true).count (Get-AzureADGroupMember -ObjectId 37cc533e-17ac-4db5-b474-5c5f9a228ed5 -All $true).count