Deal would boost India operations

Computer Sciences Corp. agreed to buy Covansys Corp. for about $1.3 billion in cash to ramp up operations in India.

Covansys holders will receive $34 a share, the two companies said. That’s 27% more than Covansys’ closing price of $26.80.

Computer Sciences of El Segundo is adding jobs in India while cutting personnel in Europe. After buying Farmington Hills, Mich.-based Covansys, Computer Sciences will double the number of its employees in India to 14,000.

The transaction, approved by both boards, requires shareholder approval. The deal is expected to close later this year.