Is it possible to create Azure AD trust with other Azure AD tenant for Azure B2B setup?

[sntsh]

We have an on-premise application that needs to accessed by internal users & external users (Guest account) in Azure tenant  A. So is it possible to have only a trust between them as B2B collaboration. 

What we want to archive is that Azure tenant  B should

i)Access the application & they can onboard and additional users(contractors) as guest users in Azure tenant B.

ii) Azure tenant B users to mange the access (via groups that exist in Azure tenant A) for their guest users. 

Note: We want to avoid federation

Or any other option please suggest

[#2]

@sntsh 

Hello! You've posted your question in the Community Discussion space, which is intended for discussion around the Tech Community website itself, not product questions. I'm moving your question to the Azure Active Directory space - please post Azure Active Directory questions here in the future.